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Content Type:
Director Q and A
31 Jan 2013
The chair acts as an important link between the board and the CEO/company. The role of the chair is not defined in the Corporations Act 2001. Thus many functions of the chair are customary rather than formalised by law. This Q&A outlines the role and responsibilities of the chairman both inside ...
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Content Type:
Director Q and A
31 Jan 2013
The board has the responsibility of assessing the performance of the CEO and has a vested interest in ensuring the CEO is effective. This Q&A explains the process of how to conduct an appraisal, how often they should be carried out and other considerations to take into account to ensure a good r...
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Content Type:
CDM Article
01 Sep 2010
Directors have much to gain by using new technologies, but as
Domini Stuart
reports, they also need to be aware of the many risks.
Directorship in cyberspace
As conference centre manager at Brisbane Technology Park, Kellie Heiler is very aware of the changing role of technology ...
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Content Type:
CDM Article
01 May 2010
Tony Featherstone
reports on how problematic executive remuneration is becoming for directors.
The growing REM headache
The executive pay debate has focused mostly on the link between CEO pay and performance and board effectiveness in setting appropriate remu...
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Content Type:
CDM Article
01 Mar 2010
Q&A with Howard McDonald
On a muggy Melbourne morning, Howard McDonald MAICD arrives just in time for his interview with Company Director. The Myer Holdings chairman had been in meetings about the proposed café for Myer’s soon-to-be redeveloped flagship store. “I want the food offering to be bu...
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Content Type:
Policy Submission
12 Jun 2009
AICD welcomes the opportunity to participate in the National Human Rights Consultation. The protection and promotion of human rights is a question of national importance for all Australians. We have focussed our comments on those matters relating to directors including the personal liability of dire...
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Content Type:
Policy Submission
18 Feb 2009
NSW Inquiry into University Governance
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Content Type:
CDM Article
01 Sep 2008
John M Green
praises the dumb question.
Asleep at the wheel
“The idiots were simply asleep at the wheel!” When a company lurches into crisis, as too many have lately, many critics pelt the drivers with similar invective. Caustic criticism is often warranted.Yet, it’s rare for those a...
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Content Type:
CDM Article
01 Nov 2006
Many government enterprises are now operating in competitive business environments. As Kevin Forde discovered, in order to survive they have had to change their public service mentality, retrain their staff, and get closer to their customers.
Breaking down bureaucracy
If you read the annual re...
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Content Type:
CDM Article
01 Aug 2006
Boards share equal and collective responsibility
Jeff Lucy, the chairman of ASIC, is someone who commands a good deal of respect at AICD. However, we disagree profoundly with him with regard to his views on the Greaves case, expressed in a letter to the Australian Financial Review on 30 May. (A ful...
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Content Type:
CDM Article
01 Jul 2006
Steven Cole takes issue with the concept that the chairman is the first among equals – particularly if fellow directors take advantage of a safe harbour defence.
First among equals or first in line?
Those who contributed to Chairman of the Board – A Role in the Spotlight must be congrat...
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Content Type:
CDM Article
01 Apr 2006
Clarity, simplicity and performance
For business, the turn of the century was a giant rolling wave. It welled up with the first internet boom in the 1990s and then came crashing down over us with the collapses of HIH and Enron, and other disasters around the world. Inevitably, there followed ...
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Content Type:
Position Paper
23 Feb 2006
This position paper sets out what the AICD believes to represent the expectations of the corporate community in Australia as to the responsibilities and liabilities of a company chairman. It places the Greaves case in context, outlines the role of the chairman, comments on the question of liability ...
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Content Type:
CDM Article
01 Sep 2005
The director duties debate
There is ongoing discussion on director duties and how far they should extend. Bill Beerworth* puts a new twist on an old debate
Generations of lawyers have been taught that directors must discharge their duties in the interests of the corporation. This in t...
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Content Type:
CDM Article
01 Aug 2005
Wondering what it takes to join the exclusive group of scholarship holders to AICD’s International Company Director’s Course? Pamela Murray-Jones consulted an inaugural winner - though the meeting was an exercise in logistics...
The right stuff
Wondering what it takes to join the exclusi...
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Content Type:
CDM Article
01 Jun 2005
We have said earlier that the duties of directors are well defined in the law and don’t need change. Let’s consider some consequences of the duties.
Directors have a collective responsibility for the company as a whole. Shareholders put the fate of their company in directors’ hands. Through the CEO ...
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Content Type:
CDM Article
01 Apr 2005
If the chairman of the board has more responsibilities than other directors then does it also follow that he has greater liability if things go wrong? It is a question many chairmen are asking themselves. Andrew Lumsden* tries to chart a path through this potential minefield. Good Corporate Governa...
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Content Type:
CDM Article
01 May 2004
Are you a company director concerned about your governance and compliance obligations, and unsure how much you have to do to fulfil them? Managing the obligations
Following the paper trail – How safe is it to rely on those management sign-offs? asks Jon Tyers*
Are you a company director co...
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Content Type:
CDM Article
01 Mar 2004
Corporate commentators are today virtually unanimous in their view that corporate boards are responsible for oversight of corporate mission, objectives and strategic direction. Indeed the phrase “the strategic board” has been coined to epitomise the mission-focussed and strategically-oriented board....
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Content Type:
The Boardroom Report
Directorship is a profession that is built on experience, judgement and maturity. Very few – if any – can walk out of school or university and straight into a boardroom and perform effectively.
Those were the words of the Australian Institute of Company Directors' new chairman Michael Smith FAIC...