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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:
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:
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:
CDM Article
01 Feb 2013
Greg Medcraft explains why the audit profession needs to lift its game to avoid government-imposed reforms in Australia.
Directors and auditors are two of the financial sector’s most important gatekeepers that play a crucial role in ensuring investors can be confident and informed.
Th...
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Content Type:
Director Q and A
31 Jan 2013
A listed company has an obligation to continuously disclose information which may have an effect on its market price or value. Continuous disclosure is based on the principle that all investors should have equal and timely access to information about a company. This Q&A explains ASX listing Rule...
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Content Type:
CDM Article
01 Dec 2012
As the leadership baton passes from one generation to the next, economist Qu Hongbin discusses China’s shifting economic reform agenda.
The year of the snake kicks off with big changes within the upper echelons of Australia’s biggest trading partner.
In November, following its week-lo...
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Content Type:
CDM Article
01 Dec 2012
Greg Tanzer outlines some of the ways in which ASIC will be helping small businesses over the next 12 months.
One of the three strategic priorities of the Australian Securities and Investments Commission (ASIC) is efficient registration and licensing with a focus on small business. Here i...
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Content Type:
CDM Article
01 Nov 2012
A monthly review of the Australian Institute of Company Directors’ policy and advocacy team’s key projects and issues.
The future of the AGM
Following the release of the Corporations and Markets Advisory Committee (CAMAC) discussion paper The AGM and Shareholder Engagement in Septembe...
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Content Type:
The Boardroom Report
19 Sep 2012
Directors sceptical about the ACNC, The art of being both a cheer leader and the referee, IASB reveals details on new hedge accounting standard, Measuring your organisation's resilience, SMEs dominate insolvency reports
Directors sceptical about the ACNC
A new study confirms widespread scep...
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Content Type:
CDM Article
01 Sep 2012
A monthly review of the Australian Institute of Company Directors’ policy and advocacy team’s key projects and issues.
ACNC Bill Update
On 15 August, the House of Representatives Standing Committee on Economics released its report entitled: Report on the Exposure Draft of the Au...
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Content Type:
CDM Article
01 Sep 2012
John Price lists 10 areas directors and auditors should focus on in their 30 June 2012 financial reports.
At a glance
Directors and auditors should focus on:
Revenue recognition and expense deferral
Asset values and off-balance sheet arrangements ...
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Content Type:
CDM Article
01 Jul 2012
The debt market is likely to remain challenging, especially for SMEs. Paul Sweeney provides some tips on how you can improve your position by taking the time to help your bank help you.
Global debt conditions remain unfavourable, and increases to banks’ wholesale funding costs have been w...
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Content Type:
Media Release
27 Apr 2012
The Australian Institute of Company Directors welcomed draft Federal Government legislation making the governance of superannuation funds more transparent, but said more reform was needed.
These reforms should include giving industry superannuation funds the ability to replace employer and union...
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Content Type:
Policy Submission
15 Mar 2012
Our recent policy submissions span the not-for-profit (NFP) sector, anti-phoenix legislation and dividend payments.
What underpins the rationale for our policy team making submissions in relation to each of these issues is how they affect our members.
Australian Cha...