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Content Type:
CDM Article
01 Aug 2010
John M Green
suggests business should demand as much from politicians as politicians do from business.
Double standards
Recently, two newspaper articles stared up from the same front page. In one, the corporate regulator rightly warned companies not to issue misleading profit fig...
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Content Type:
CDM Article
01 Jul 2010
John M Green
believes business people should start thinking more like novelists.
Foresight saga
“In hindsight...” Painful, often embarrassing confessions sometimes begin with those words. It is only in the future that you know how smart you are in the present. It’s why hubris is such a ...
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Content Type:
CDM Article
01 Jun 2010
John M Green
believes the regulators should lighten up on continuous disclosure.
Killer T-shirts
What’s my daughter’s black T-shirt got to do with public companies continuously disclosing material information to the Australian Securities Exchange (ASX)? Oddly, it has quite a bit to do wi...
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Content Type:
CDM Article
01 May 2010
John M Green
suggests it may not be the proxy advisory firms that are the problem, but some of the institutions that hire them.
Proxy by proxy
During each year’s annual general meeting season, directors come out blasting at corporate governance proxy advisory firms. It’s mostly d...
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Content Type:
CDM Article
01 Apr 2010
John M Green
suggests a simple way to boost the numbers of directors contributing to the charity sector.
Cap in hand
According to the Australian Institute of Company Directors’ landmark study on the not-for-profit (NFP) sector, 60 per cent of directors sit on NFP boards. But 40 per c...
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Content Type:
CDM Article
01 Mar 2010
John M Green
explains why reversing the High Court decision on Sons of Gwalia benefits shareholders and is a good move.
Sunset of Gwalia
The Federal Government’s decision to reverse the High Court’s Sons of Gwalia judgement was a “slap in the face for shareholder rights”, accordin...
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Content Type:
CDM Article
01 Feb 2010
John M Green
explores “oil and water mergers” and acquisitions, which can appear attractive yet be disastrous.
Oil and water mergers
The world needs both oil and water. Water is vital for survival. Some even splash it into whisky. Oil creates power, transport... and Lycra. But if ...
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Content Type:
CDM Article
01 Nov 2009
John M Green
reviews the Productivity Commission’s report on executive pay and says more work is needed.
Productivity omission
Overall, the Productivity Commission’s (PC’s) executive pay report is sensible, especially since much reflects market practice. But it’s not all prudent a...
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Content Type:
CDM Article
01 Oct 2009
John M Green
suggests boards ditch the old short-termist penny-farthing corporate model.
Penny-farthing companies
Just as cyclist Lance Armstrong owes the industrial revolution for the penny-farthing, investors should thank it for the freely registrable limited liability corporation.
Sin...
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Content Type:
CDM Article
01 Sep 2009
John M Green
argues that the decision in the James Hardie case should force ASIC to change its course on immediate disclosure.
James Hardie: shipwreck or lifeline?
The James Hardie Supreme Court decision on disclosure has generated loud protests that it is yet another reef poised to s...
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Content Type:
CDM Article
01 Aug 2009
John M Green
questions what directors can do if a government heavies them.
National vs shareholder interest
Berating business is a bipartisan government sport. Think banks or Pacific Brands. But what if, in the “national interest”, a government bullied your company into a course potentia...
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Content Type:
CDM Article
01 Jul 2009
John M Green
argues that boardroom collegiality isn’t the prize some treasure.
Contestable collegiality
A maxim many Australian board chairmen ascribe to is: “A good board doesn’t vote. It strives for consensus.” This approach is not merely bluster, but so prevalent in practice that some...
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Content Type:
CDM Article
01 Jun 2009
John M Green
argues government rhetoric on the financial crisis is off the mark.
Let’s export regulation, not import it
Prime Minister Kevin Rudd claims the solution to the financial crisis is international. This hints at a desire to import regulation when the exact opposite may be prefe...
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Content Type:
CDM Article
01 May 2009
John M Green
argues boards should maintain a healthy scepticism when dealing with experts.
Un-expert-ease, and why you need it
When we receive expert advice many of us embrace it as the gospel it is not. Turn your mind and your depleted life savings towards the global flock of mar...
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Content Type:
CDM Article
01 Apr 2009
John M Green
warns directors to watch out when a small division or subsidiary is making far more than they expect.
Small but not beautiful
How the mighty can topple over small, seemingly successful things. There’s a lesson in that from the downfall of American International Group (AIG), the...
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Content Type:
CDM Article
01 Mar 2009
John M Green
discusses how boards can improve on their CEO succession plans.
Inside outside CEOs
The three non-executive directors from different boards slipped into their regular chairs at the café.
“The Arbitz* board,” notes Peter, spooning sugar into his coffee. “Their CEO’s been doin...
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Content Type:
CDM Article
01 Feb 2009
John M Green
argues that viewing corporate responsibility through a shareholder lens is not the least bit anti-social.
Take the ‘social’ out of CSR
In these dour days of slumping profits, volatile share prices and shrunken personal fortunes, the last thing many of us will worry about is ...
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Content Type:
CDM Article
01 Dec 2008
John M Green
argues that the Federal Government should let ASX keep its supervisory role for now.
Don’t short change the exchange
After some serious let downs by the Australian Securities Exchange (ASX), several media commentators and business leaders called for ASX’s market super...
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Content Type:
CDM Article
01 Nov 2008
John M Green
provides a view on what needs to be done before short-selling is permitted again.
The long and the short
One feverish September weekend, Australia’s market regulators slapped a temporary ban on short-selling. Pressure for this had been mounting for months, yet our reg...
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Content Type:
CDM Article
01 Oct 2008
John M Green
pinpoints when new directors should feel free to say what’s worrying them, and what chairmen can do to help.
The first meeting rule
The chairman sidled up to the new director during the board’s morning break. “Tony, I see you’re asking questions at your first board meeti...