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Content Type:
CDM Article
01 Apr 2013
A monthly review of the Australian Institute of Company Directors’ policy and advocacy team’s key projects and issues.
Focus on executive remuneration Executive remuneration is back in the spotlight this month as the Government seeks feedback on its 2009 Termination Payments Act, a...
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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
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:
Director Q and A
31 Jan 2013
Most corporate governance codes focus their attention on listed companies. However the basic precepts of good governance are fundamental to all organisations – having a board charter, well defined roles and responsibilities for board members, appropriate financial knowledge, accountability and trans...
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Content Type:
Director Q and A
31 Jan 2013
One of the most important and scrutinised responsibilities of the board is to determine the remuneration policy for directors and senior executives. This Q&A discusses the many issues invovled including the difference between directors fees and executive remuneration, role of the remuneration co...
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Content Type:
The Boardroom Report
12 Dec 2012
The top safety action items for directors, Time to break out of executive incentive straitjacket, Privacy law reforms set to boost risk, What to focus on in financial reports, Four drivers to enhance NFP board effectiveness
The top safety action items for directors
A recent survey has fo...
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Content Type:
CDM Article
01 Dec 2012
Jairus Ashworth looks into his crystal ball to forecast the challenges remuneration committees can expect over next year.
For many remuneration committees, 2013 will be an "execution year", according to Aon Hewitt remuneration and benefits partner Jairus Ashworth.
With no apparent pol...
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Content Type:
CDM Article
01 Dec 2012
Pru Bennett lists five ways in which she’d like to see the bedrocks of corporate governance improved in 2013.
Proxy season is always an intensive period for everyone involved. BlackRock, for instance, votes at around 250 listed company meetings between September and December. We have exte...
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Content Type:
CDM Article
01 Dec 2012
Michael Robinson forecasts how director and executive pay will move next year and provides a “to do” list to help remuneration committees steer their way through 2013.
Director pay in 2013
Unlike executive pay, the rate of pay increase for non-executive directors (NEDs) is expected to...
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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 Aug 2012
Mark Molesworth reviews a recent court ruling that is expected to cause further administrative burdens for companies that want to pay superannuation contributions on behalf of directors who are not also employees.
A recent Federal Court case has highlighted the need for companies (includi...
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Content Type:
Policy Submission
20 Jul 2012
This submission to the Australian Prudential Regulation Authority (APRA) is in response to the draft prudential standards for superannuation and APRA’s “Response to Submissions”, which were released on 27 April 2012.
In the submission, we focus on particular issues in the foll...
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Content Type:
CDM Article
01 Jul 2012
Peter Robinson details how boards of listed companies, concerned about the risk of a “strike” or a “spill resolution” at their AGMs, should work towards a program of engagement with proxy advisers and investors.
Boards of ASX 100-listed companies, including 23 ranked in the ASX 300, face ...
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Content Type:
Guide
30 Jun 2012
Suggestions to help design audit, nomination, remuneration and risk committee charters.
Suggestions to help you design an audit, remuneration, or nomination committee charter:
Audit committee charter (updated): Audit committees play an essential role in board governance. This...
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Content Type:
CDM Article
01 Jun 2012
A monthly review of the Australian Institute of Company Directors’ policy and advocacy team’s key projects and issues.
The reform of director liability continues to be an area of real concern for directors. The April 2012 Director Sentiment Index survey, conducted by the Australian Instit...
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Content Type:
Policy Submission
16 May 2012
This submission relates to the exposure draft of the Superannuation Legislation Amendment (Further MySuper and Transparency Measures) Bill 2012.
The submission focuses on the following matters:
• the collection and disclosure of information generally;• the disclosure of remuneration...
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Content Type:
The Boardroom Report
02 May 2012
Unlocking hidden networks; Pressure rises for remuneration committees; More independent directors needed on super fund boards; Room for NFP boards to lift their game; Five ways to boost your team's IQ
Unlocking hidden networks
More than half the directors participating in a recent survey ci...
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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:
The Boardroom Report
18 Apr 2012
Executive pay law flaws heighten AGM worries, Concerns mount over director liability and OH&S reforms, Not-for-profit update, Restructuring with care, Help improve directors’ financial literacy
Executive pay law flaws heighten AGM worries
Delays in fixing a flaw in executive pay legisla...
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Content Type:
CDM Article
01 Apr 2012
Belinda Gibson says ASIC’s review of 50 remuneration reports from ASX 300 companies picked up positive trends as well as areas that need further improvement.
The 2012 financial year reporting season is in full swing for most companies and the Australian Securities and Investments Commiss...