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Content Type:
Media Release
16 May 2013
The issue of when to change audit firms should be a matter for the individual company, its directors, audit committee and shareholders and should not be subject to externally imposed regulations requiring mandatory rotation of audit firms, according to an international network of company directors.
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Content Type:
Media Release
24 Apr 2013
The relationship between business and the Federal Government has further deteriorated, according to a survey of company directors which has found that only 8 per cent of directors (down from 12 per cent) agree with the statement ‘the Federal Government understands business.’ Conversely, 50 per cent ...
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Content Type:
CDM Article
01 Apr 2013
Peter Pearce
dispels some modern myths to help directors and their organisations embark on an ethical journey.
Ethics is the essential but too often silent ingredient in corporate governance, risk and compliance (GRC) efforts. For directors and boards, GRC and a whole lot else will alwa...
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Content Type:
CDM Article
01 Apr 2013
Listed companies have jumped many hurdles to improve their executive pay practices and avoid falling foul of the "two-strikes" law. Now, as Domini Stuart reports, a new wave of pay reforms are heading their way.
The second reporting season since the introduction of the "two-strikes" rule l...
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Content Type:
CDM Article
01 Apr 2013
Professor Bob Baxt reviews some recent court cases that highlight the importance of ensuring your companies have a proper culture of compliance in place.
Directors, senior managers and officers of companies in Australia (referred to as directors here) are, of course, very familiar with spec...
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Content Type:
CDM Article
01 Apr 2013
Many not-for-profit (NFP) organisations, were heading into a "perfect storm", if they weren’t already in it. That was the view of Dr John Harte FAICD, the founder and principal of Integrity Governance, when addressing the Australian Institute of Company Directors’ NFP Forum:13 in Sydney last month –...
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Content Type:
CDM Article
01 Apr 2013
In her final column, Belinda Gibson outlines what ASIC is doing to uphold Australia’s market integrity.
It has been my privilege to contribute to this magazine for over five years, but this will be the last, as my term as the Australian Securities and Investments Commission (ASIC) deputy ch...
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Content Type:
CDM Article
01 Apr 2013
Louise Pocock provides some tips on how a board can help management strike a balance between short-, medium- and long-term horizons.
An effective board will generally adopt strategies that manage and strike a balance between short-, medium- and long-term horizons. That is, it will pay att...
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Content Type:
CDM Article
01 Apr 2013
1949 - 2013
The Australian Institute of Company Directors was saddened to hear of the death of Dr Chris Peters AM FAICDLife in Canberra in late February.
Peters was a life fellow of the Australian Institute of Company Directors, having been recognised for his service to the organisati...
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Content Type:
Policy Submission
28 Mar 2013
On 28 March 2013 the Australian Institute of Company Directors provided comments to Treasury on the Corporations Legislation Amendment (Improving Accountability on Termination Payments) Act 2009 (the Act) to be used as input into the Post-Implementation Review of the Act.
In summary, our key com...
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Content Type:
Policy Submission
28 Mar 2013
On 28 March 2013 the Australian Institute of Company Directors lodged a submission with the Australian Accounting Standards Board (AASB) in response to their exposure draft ED 233: Australian Additional Disclosures – Investment Entities (ED 233).
The Australian Institute of Company Directors do n...
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Content Type:
Policy Submission
14 Mar 2013
On 14 March 2013 the Australian Institute of Company Directors provided a submission to Treasury in response to their exposure draft, Corporations Legislation Amendment (Remuneration Disclosure and Other Measures) Bill 2012 (Exposure Draft). This Exposure Draft dealt with amongst other things, chang...
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Content Type:
Policy Submission
13 Mar 2013
On 13 March 2013, the Australian Institute of Company Directors, at the request of ASIC, provided additional comments in regard to ASIC Consultation Paper 185 – Litigation Schemes and Proof of Debt Schemes - Managing Conflicts of Interest.
We responded to the following two questions posed by ASI...
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Content Type:
CDM Article
01 Mar 2013
Tony Featherstone believes we should give listed companies greater confidence about when to disclose price-sensitive information to the market rather than looking for temporary solutions.
No one doubts the need for a well-informed share market and giving listed companies more flexibility ...
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Content Type:
CDM Article
01 Mar 2013
Michael Tooma outlines the lessons Australian directors can learn from New Zealand’s Pike River Mine disaster that killed 29 miners in November 2010.
At one level, the New Zealand report, Royal Commission on the Pike River Coal Mine Tragedy, reads like so many reports before it – another ...
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Content Type:
CDM Article
01 Mar 2013
Peter Kell discusses ASIC’s approach to complaints of misconduct and disputes between officeholders or members of small companies.
Setting up a business with other people is not too different from getting married. Mostly it works and sometimes it’s blissful. But often there are arguments...
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Content Type:
CDM Article
01 Mar 2013
Professor Bob Baxt explains how the courts are getting tougher on “white collar” crime and advises directors to ensure they understand their legal obligations, especially the prohibitions against insider trading.
There is little doubt that increasing focus is being placed on the performan...
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Content Type:
Policy Submission
18 Feb 2013
On 11 February 2013 Company Directors wrote a letter to Standards Australia, discussing the proposed compliance management standards.
Download the submission to Standards Australia on compliance management standards (PDF 700 KB).
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Content Type:
CDM Article
01 Feb 2013
Is your organisation prepared for an unexpected crisis? Domini Stuart discovers what’s best practice in disaster recovery and business continuity planning.
Thirty years ago, disaster recovery and business continuity plans (DR/BCPs) were little more than insurance policies. Decisions were ...
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Content Type:
CDM Article
01 Feb 2013
Fiona Baron talks to father-and-son team and well-known directors from Cairns, George and Ken Chapman, about their views on directorships and what it takes to make a family business work.
George Chapman AO FAICD is every bit the entrepreneur. Back in the 1960s, at just 23 years old, he la...