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Content Type:
Policy Submission
27 Jan 2011
This submission to Federal Treasury sets out our views on the Exposure Draft of the Corporations Amendment (Improving Accountability on Director and Executive Remuneration) Bill 2011 (“the Draft Bill”) and accompanying Explanatory Memorandum (PDF), released by the Federal Government on 20 December 2...
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Content Type:
Policy Submission
15 Oct 2010
On 15 October 2010, the Australian Institute of Company Directors wrote to the Office for Women’s Policy (OFWP), NSW Department of Premier and Cabinet, in response to its ‘Consultation Paper on Strategies to increase the proportion of women on NSW Government Boards and Committees’ (Consultation Pape...
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Content Type:
Policy Submission
24 Sep 2010
On 24 September 2010, the Australian Institute of Company Directors wrote to the Hon Wayne Swan MP and the Hon David Bradbury MP regarding the Senate Economics References Committee Report entitled: The regulation, registration and remuneration of Insolvency Practitioners in Australia: the case for a...
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Content Type:
Policy Submission
03 Sep 2010
On 3 September 2010 the Australian Institute of Company Directors wrote to the NSW Department of Health in response to its “Health Reform in NSW: A Discussion Paper on Implementing the Federal Government’s ‘A National Health and Hospitals Network for Australia’s Future’ in NSW”, released on 4 August...
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Content Type:
Policy Submission
13 Aug 2010
On 13 August 2010, the Australian Institute of Company Directors wrote to the Corporations and Markets Advisory Committee (CAMAC) setting out our views on the requirements that apply to remuneration reports and on simplification of the incentive components of executive remuneration arrangements. In ...
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Content Type:
Policy Submission
11 Jun 2010
Insider trading and market manipulation offences cause serious harm to the fair and efficient functioning of Australia’s financial markets. The Australian Institute of Company Directors supports strong laws and a well resourced regulator to enforce them. The consultation time allowed to comment on t...
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Content Type:
Policy Submission
27 May 2010
In a submission dated 27 May 2010 the Australian Institute of Company Directors provided its response to the ASX Corporate Governance Council’s Exposure Draft “Proposed Amendments to the ASX Corporate Governance Council Corporate Governance Principles and Recommendations”. The submission outlines br...
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Content Type:
Policy Submission
27 May 2010
In a submission dated 27 May 2010 the Australian Institute of Company Directors provided its response to the Australian Securities Exchange’s Exposure Draft “Listing Rule Amendments- New Requirements for a Remuneration Committee and a Company Trading Policy”. The submission outlines broad support fo...
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Content Type:
Policy Submission
07 May 2010
This submission to Treasury is in response to the discussion paper entitled Audit Quality in Australia: A Strategic Review.
As directors are ultimately responsible for the company’s financial reports and for the audit process, the Australian Institute of Company Directors is interested to ensure t...
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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...
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Content Type:
Policy Submission
26 Feb 2010
This consultation paper contains ASIC’s proposals for best practice relating to the handling of confidential information, primarily in the context of capital raisings and mergers and acquisitions. Whilst AICD supports the focus of the Paper, we are concerned that some of the proposals may not be pro...
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Content Type:
Policy Submission
21 Dec 2009
On 21 December 2009, AICD provided a submission to Treasury regarding the Options Paper entitled Improving Protections for Corporate Whistleblowers. AICD’s submission stated that:
the good faith requirement under the current whistleblower protection provisions in the Corporations...
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Content Type:
Policy Submission
08 Dec 2009
In this submission AICD argues that in order to support investor confidence and market integrity, equity derivatives held by directors should be required to be disclosed under section 205G Corporations Act like other securities.
AICD Submission to Treasury on disclosure of equity der...
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Content Type:
Policy Submission
07 Dec 2009
In this letter, AICD, Business Council of Australia, Australian Bankers Association and Law Council request the Prime Minister to ensure that the model law is applied in each state and territory so harmonisation is achieved. As drafted, the Model Law gives jurisdictions discretion on significant leg...
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Content Type:
Policy Submission
06 Nov 2009
AICD has made a submission to Safe Work Australia in relation to the Safe Work Act 2009 (Model Safe Work Provisions). AICD supports stringent OH&S laws with appropriate penalties and welcomes a number of aspects of the new provisions. In this submission AICD comments on 3 matters of concern - th...
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Content Type:
Policy Submission
06 Nov 2009
On 6 November 2009 AICD wrote to the Productivity Commission expressing its views on a set of executive remuneration proposals released by the Commission on 30 September 2009. AICD commended the balanced and factual approach taken by the Commission, but expressed concern regarding some of the propos...
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Content Type:
Policy Submission
02 Oct 2009
AICD submission to APRA on revised remuneration requirements
In a submission dated 2 October 2009 AICD expressed its support for the general direction taken by APRA in its revised remuneration requirements for APRA-regulated institutions. One area that AICD believes requires further con...
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Content Type:
Policy Submission
31 Jul 2009
On 31 July 2009 AICD provided a submission to the Australian Prudential Regulatory Authority (APRA) in response to the Discussion Paper "Remuneration: Proposed extensions to governance requirements for APRA-regulated institutions" (Issued 28 May 2009). AICD outlined its support for the overall appro...
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Content Type:
Policy Submission
31 Jul 2009
On 31 July 2009 the AICD provided a submission to the inquiry being conducted by the Senate Economics Legislation Committee into unfair contract terms arising out of the Trade Practices Amendment (Australian Consumer Law) Bill 2009. The submission supports the national harmonization of consumer legi...
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Content Type:
Policy Submission
23 Jul 2009
Currently companies are unable to refuse access to share registers where the directors of the company believe the information will be misused. A ‘proper purpose’ test would fairly balance the need to facilitate corporate governance and commercial dealings on the one hand and the protection of shareh...