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Content Type:
Policy Submission
23 Oct 2012
This submission is in response to ASX’s Consultation Paper “ASX BookBuild®: Bringing efficiency, fairness and transparency to the primary equity market”, released during September 2012.
In the submission, we express support for ASX BookBuild® being made available to large and other listed compan...
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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...
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Content Type:
CDM Article
01 Oct 2012
At a recent Fellows dinner in Melbourne, veteran director John Ralph looked ahead at how economic conditions might change and what scenarios directors should plan for. Here is an edited extract of his speech.
In planning the strategy for your organisation, you will recognise the possibili...
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Content Type:
CDM Article
01 Oct 2012
Reece Walker examines whether crowd funding is a viable source of capital or plagued by too many issues to make it worthwhile.
Crowd funding has come a long way from its origins of backing struggling rock bands. It has proven a highly successful vehicle to raise funds for disaster relief,...
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Content Type:
CDM Article
01 Oct 2012
Professor Bob Baxt reviews a recent case where the court did not approve a settlement reached by ASIC and AWB’s former CFO.
The Australian Securities and Investments Commission (ASIC), in common with other regulators and particularly the Australian Competition and Consumer Commission (ACC...
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Content Type:
CDM Article
01 Oct 2012
John Price explains how new capital raising rules for small to mid-cap listed companies will work and the issues their directors should consider.
Share placements have been a popular way of raising funds in recent years, particularly for smaller companies. Australian Securities Exchange (...
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Content Type:
General
21 Sep 2012
This submission to ASIC is in relation to Consultation Paper 185 – Managing Conflicts of Interest in Litigation and Proof of Debt Schemes. Company Directors has previously voiced concerns about the impact of complex class action litigation on companies, directors and Australia’s productivity.
...
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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:
Media Release
17 Sep 2012
The proposed Australian Charities and Not-for-profits Commission (ACNC) will have no impact or a negative impact on not-for-profit (NFP) governance across a range of areas, according to the findings of an Australian Institute of Company Directors’ study, the Directors Social Impact Study 2012.
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Content Type:
The Boardroom Report
05 Sep 2012
More work needed on revised NFP Bill, Survey reveals concerns about directors' financial literacy, New guide provides clarity for boards and audit committees, ACSI's watch list for this AGM season, ASIC's guidance on crowd funding
More work needed on revised NFP Bill
The A...
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Content Type:
CDM Article
01 Sep 2012
Greg Medcraft talks to Zilla Efrat about how ASIC is becoming more proactive and transparent in an ever more complex corporate regulatory environment that has been reshaped by the GFC, increasing globalisation and technology innovations.
Greg Medcraft has had plenty of time to find his fe...
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Content Type:
CDM Article
01 Sep 2012
John M Green discusses David Jones’ continuous disclosure challenges in the wake of a recent “takeover bid”.
Was retailer David Jones as ham-fisted as many media claimed when it responded to a "leak" about a strange takeover approach and saw its share price spike 15 per cent afterwards? H...
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Content Type:
CDM Article
01 Sep 2012
John H C Colvin believes the redrafted Bill aimed at reforming the NFP sector is a win for charities but requires more work.
The estimated 600,000 not-for-profit (NFP) organisations in Australia (around 60,000 of which are charities) play a vital role in our economy and society and we we...
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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 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...
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Content Type:
CDM Article
01 Sep 2012
In a recent address, Mission Australia chairman Ewen Crouch outlined his concerns about proposed NFP reforms. An edited extract of his speech follows.
The Government has released an exposure draft of the Australian Charities and Not-for-profits Commission Bill 2012, which will establish ...
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Content Type:
Media Release
24 Aug 2012
The Australian Charities and Not-for profits Commission (ACNC) legislation introduced this week into Federal Parliament is an important step on the road to reform of regulation for the not-for-profit (NFP) sector.
We welcomed the Government’s changes to provisions in the original draft legislati...
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Content Type:
The Boardroom Report
08 Aug 2012
Warnings against making NFP directors liabilities too onerous, Company Directors moves against ever rising regulation, Tips on how to assess management's effectiveness, Emerging miners' corporate governance struggles, Focuses of the ATO's 2012-13 compliance program
Warnings against making...
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Content Type:
CDM Article
01 Aug 2012
Leah Watterson discusses Company Directors’ challenges in tackling emerging regulatory issues on behalf of its members.
While Australian directors are committed to learning and improving their skills, we continue to receive feedback from our members that they are finding it increasingly d...