-
Content Type:
CDM Article
01 Feb 2013
Professor Bob Baxt summarises the messages sent by the NSW Court of Appeal in its recent judgment on penalties for James Hardie’s former directors.
On Sunday evening 11 November 2012, the eve of the New South Wales Court of Appeal penalty decision in Gilfillan v ASIC [2012] NSWCA 370 invo...
-
Content Type:
CDM Article
01 Dec 2012
Some of the key highlights and policy priorities that shaped our agenda throughout 2013.
As 2012 draws to a close, I thought it appropriate to review some of the key highlights and policy priorities that have shaped our agenda throughout the past year. These priorities are selected for a ...
-
Content Type:
The Boardroom Report
03 Oct 2012
Basic rules for AGMs, Directors’ liability reform gains momentum, Funke Kupper warns about clearing house competition, Bribery and corruption to move up the boardroom agenda, The risks of being in the clouds
Basic rules for AGMs
A well-run annual general meeting (AGM) reflects positively on...
-
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...
-
Content Type:
CDM Article
01 Sep 2012
Professor Bob Baxt believes the question of whether a court can order damages against a director in favour of creditors or others needs to be clarified following a recent decision.
It is useful to set out the actual terms of section 1324(10) of the Corporations Act 2001 to help readers ap...
-
Content Type:
Policy Submission
28 Jun 2012
This submission is in response to the Australian Government’s Exposure Draft of the Personal Liability for Corporate Fault Reform Bill 2012 (C’th)(second tranche)(the Draft Bill).
The Australian Institute of Company Directors has closely monitored the progress of the current COAG reform...
-
Content Type:
The Boardroom Report
27 Jun 2012
Scholarships to grow the pool of board-ready women, The bottlenecks to gender diversity, What makes an exceptional NED, More reforms needed to boost productivity, The impact of directors and boards on society
Scholarships to grow the pool of board-ready women
The Australian Institute...
-
Content Type:
Media Release
14 Jun 2012
Business sent a clear message to the Australian Government at yesterday’s economic forum that productivity growth is crucial for Australia’s long-term economic prosperity.
“The Prime Minister agreed that Australian governments must take a long term view to increase productivity and improve inter...
-
Content Type:
The Boardroom Report
16 May 2012
Australia’s 10-year window of opportunity, EU federalism more likely than a monetary union breakup, Bridging the expectation gap, Hardie decision to have wide implications, Landmark book on directors’ duties launched
Australia’s 10-year window of opportunity
Australia only had a 10-year win...
-
Content Type:
Media Release
03 May 2012
At a time when the international economy is focused on increasing business productivity, the Australian government has again prioritised conformance over performance by over-regulating the majority of directors to target the few engaged in fraudulent phoenix company activity.
In a submission to ...
-
Content Type:
General
03 May 2012
Today’s High Court decision overturning a NSW Court of Appeal finding relating to seven directors of James Hardie Industries reminds all directors and boards of their duty to act with care and diligence, as well as the risks involved.
Continuous disclosure remains an extremely difficult area for...
-
Content Type:
Policy Submission
02 May 2012
This submission to the Business Tax Division of the Treasury is regarding the Tax Laws Amendment (2012 Measures No. 2) Bill 2012.
The Australian Institute of Company Directors has significant reservations about the Bill. The Bill proposes to extend the personal liability of directors to...
-
Content Type:
Policy Submission
11 Apr 2012
This submission, lodged with the Senate Economics Legislation Committee, is regarding the Corporations Amendment (Phoenixing and Other Measures) Bill 2012. The Bill gives ASIC powers to wind up companies if particular conditions are met, allows for the publication of external administration notices ...
-
Content Type:
The Boardroom Report
04 Apr 2012
Directors say no to a budget surplus at all costs, Related party transactions on ASIC's radar, Plugging the gaps in new workplace laws, The keys to success of the world's most admired companies, New ASX check on directors
Directors say no to a budget surplus at all costs
Australia's directo...
-
Content Type:
CDM Article
01 Feb 2012
A review of the Australian Institute of Company Directors’ Policy and Advocacy team’s key projects and issues in 2011.
While there is never any shortage of issues of interest to directors, we deliberately focus on those we believe offer the greatest benefit for our broad membership of mor...