Small Pty Ltd Company Results

• Directors Counsel Remedies for oppressive behaviour

  Content Type: CDM Article

  01 Sep 2010

  Professor Bob Baxt reviews a recent case concerning the remedies available to dissatisfied member directors of closely held or private companies. Remedies for oppressive behaviour Many members of the Australian Institute of Company Directors are directors of companies I generically r...

• Opinion Good governance is good business

  Content Type: CDM Article

  01 Jul 2010

  Andrew Douglas explains why good governance can be a treasure trove of opportunity for SMEs wanting to get serious about their business. Good governance is good business Improved productivity, responsiveness and resilience driving greater and more sustainable profits with less risk i...

• Feature New accounting blues

  Content Type: CDM Article

  01 Jul 2010

  Domini Stuart reports on why aspects of the proposed new differential reporting regime may create headaches for some directors. New accounting blues Areas of concern for differential reporting include: A “clarification” for special-purpose fi...

• Payment of Dividends Corporations Amendment Corporate Reporting Reform Bill 2010

  Content Type: Policy Submission

  11 Jun 2010

  On 9 June 2010, the Australian Institute of Company Directors wrote to the Hon Chris Bowen MP regarding the test for the payment of dividends included in the Corporations Amendment (Corporate Reporting Reform) Bill 2010. Pursuant to the Bill companies will need to ensure that amongst other things, t...

• Feature Avoiding family feuds

  Content Type: CDM Article

  01 May 2010

  Family can be both a big plus and a minus for family run businesses. Domini Stuart provides some tips on how to turn the minuses into pluses. Avoiding family feuds Challenges for family businesses include: Nepotism and family conflict Succession planning Different sharehold...

• Feature Sowing the seeds for growth

  Content Type: CDM Article

  01 May 2010

  With the economy on the up, it’s time to start branching out again. Nichola Clark provides some pointers on how SMEs can start repositioning themselves for growth. Sowing the seeds for growth SMEs repositioning for growth should focus firmly on Relations with their bankers Plan...

• Submission to AASB Differential Reporting Framework

  Content Type: Policy Submission

  22 Apr 2010

  On 22 April 2010 the Australian Institute of Company Directors lodged a submission with the Australian Accounting Standards Board (AASB) relating to the AASB’s Exposure Draft 192 Differential Reporting Framework and the accompanying consultation paper Differential Financial Reporting – Reducing Disc...

• Submission to Treasury on Discussion Paper Insolvent Trading Safe harbour for reorgan

  Content Type: Policy Submission

  02 Mar 2010

  We are concerned that current laws on insolvent trading sometimes prevent the best stakeholder outcomes from being achieved. They make trading out of insolvency not only extremely risky but they prohibit it for the directors of a company in solvency stress. Each director faces being held personally ...

• Submission to Treasury on Australias corporate reporting framework

  Content Type: Policy Submission

  03 Feb 2010

  In a submission dated 3 February 2010 AICD provided its comments to Federal Treasury on the exposure draft of the Corporations Amendment (Corporate Reporting Reform) Bill 2010. AICD supported most of the proposed amendments, although it expressed opposition to changing the current wording of the dir...

• AICD submission to ASIC on consultation paper 124 Duty to Prevent Insolvent Trading Guide f

  Content Type: Policy Submission

  22 Dec 2009

  AICD argues in this submission that the proposed guide has a useful educative purpose but that its limitations should be clearly acknowledged including that it does not represent the law or judicial interpretation. The guide fails to acknowledge at a number of levels the difference between the roles...

• Feature Becoming sale ready

  Content Type: CDM Article

  01 Nov 2009

  Giles Parkinson provides some tips on how directors of SMEs can improve their organisations’ attractiveness as buyers start trickling back into the market. Becoming sale ready Becoming sale ready Identify who your likely buyers are Anticipate what they will be looking for Ensure rel...

• AICD submission to Senate Economics Committee on employee share schemes

  Content Type: Policy Submission

  16 Jul 2009

  On 16 July 2009 AICD provided a submission in connection with the Inquiry being undertaken by the Senate Economics References Committee into Employee Share Schemes. In the submission AICD outlines its concerns with Federal Government proposals to reform the taxation arrangements for employee share p...

• Feature Opening the family board to NEDs

  Content Type: CDM Article

  01 Jun 2009

  Tony Featherstone investigates why the founders of some family owned companies resist forming a board, and the benefits they may be missing out on. Opening the family board to NEDs Key points A family company board poses unique challenges Founders struggle w...

• Profile All in the family

  Content Type: CDM Article

  01 Feb 2009

  Harris Farm Markets chair Catherine Harris chats to Zilla Efrat about the trials and tribulations of running a family board. All in the family These days, Harris Farm Markets has 21 outlets and employs over 1000 people. But running this family business hasn’t always been smoo...

• Big Issues for Small Business

  Content Type: CDM Article

  01 Feb 2007

  Most of the focus of the renewed emphasis on corporate governance has been on large publicly-listed companies. However, as Domini Stuart highlights, effective corporate governance is just as important for small companies. Big issues for small business Small business owners are notorio...