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Content Type:
CDM Article
01 Dec 2012
Andrew Griffiths identifies some of the key challenges audit and risk committees may face in 2013.
As continuing economic volatility converges with sweeping regulatory change and an expanded focus on financial reporting, directors on audit and risk committees are likely to experience even...
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Content Type:
CDM Article
01 Aug 2010
Douglas Niven
warns that a drive to lower auditing fees can reduce the quality of audits.
Maintaining high audit quality
Many companies have been under pressure to reduce costs due to the global financial crisis or other factors. While these are commercial decisions for each compa...
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Content Type:
CDM Article
01 Jul 2010
Phil Ruthven
details the alarming rise in government debt across the globe but argues that Australians have less to lose sleep over.
Why debt matters
Unserviceable debt in the world’s finance industry, with total assets in excess of US$300 trillion, gave us the global financial crisis (...
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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...
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Content Type:
CDM Article
01 Jul 2010
An outline of some of the issues addressed recently by the Australian Institute of Company Directors’ Policy and Advocacy team.
Policy Update
Our plan for better remuneration reports
On 4 June, we released a position paper proposing reforms to improve the unduly complex requirements for di...
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Content Type:
CDM Article
01 Jul 2010
A standard for water reporting will soon be released.
Peter Day
,
Jayne Godfrey
and
Sean Hanley
explain how it will work.
Accounting for water
Water is a fundamental resource for all organisations – public a...
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Content Type:
CDM Article
01 Jun 2010
Given the nature of their roles, non-executive directors cannot know everything about an organisation and are heavily dependent on management for information.
Domini Stuart
investigates how directors can improve this information flow.
Removing the chinks from the informati...
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Content Type:
CDM Article
01 May 2010
Rob Elliott
discusses why the Australian Institute of Company Directors will soon propose reforms to the laws governing remuneration reports.
Policy Update
With the increasing focus on remuneration in recent times, we believe there is an urgent need to reform the requirements governing r...
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Content Type:
CDM Article
01 May 2010
Priscilla Bryans
and
Timothy Stutt
set out five key principles that could help turn the remuneration report from a diamond in the rough into a polished gem.
The five C’s of remuneration reporting
Remuneration reports are an increasingly complex section of the annual repo...
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Content Type:
CDM Article
01 May 2010
The global financial crisis may have eased, but as
Domini Stuart
reports, directors still face a range of accounting headaches as they ready for financial year-end reporting.
Financial year-end reporting headaches
Accounting challenges for directors
...
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Content Type:
CDM Article
01 May 2010
Michael Dwyer
discusses ASIC’s approach to corporate insolvency and regulation of the profession.
Regulation of the insolvency industry
With rising insolvencies flowing from the global economic crisis, a number of company directors may be exposed to an external administration or they may...
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Content Type:
CDM Article
01 Apr 2010
Tony Featherstone
discusses how proposed reforms will make due diligence easier for directors considering not-for-profit boards.
Reforming the NFP sector
Finally, real reform is being proposed for Australia’s not-for-profit (NFP) sector. After 15 years of proposals and promises, many...
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Content Type:
CDM Article
01 Apr 2010
Boards are expected to face mounting pressure to increase non-executive director pay.
Allan Feinberg
provides some tips on how to determine what fees to set.
Paying NEDs their worth
A series of governance disasters over the past two years, most notably at Centro Pr...
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Content Type:
CDM Article
01 Apr 2010
Tony Featherstone
reports on how a raft of reform proposals may give the long-neglected not-for-profit sector a helping hand and free up its executives and directors to do what they do best: help make a better community.
NFP reform
Key points
NFP ...
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Content Type:
CDM Article
01 Mar 2010
Gabrielle Upton
discusses AICD’s response to an Australian Securities Exchange consultation paper on a proposed listing rule for director share trading.
Trading through windows and blackout periods
The issue of director share trading is central to maintaining the integrity of Australia’s...
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Content Type:
CDM Article
01 Mar 2010
Paul Madden
explains how the new Standard Business Reporting initiative will reduce your business-to-government reporting burden.
Easing the reporting load
From 1 July 2010, Australian companies will have more time to focus on the bottom line with the introduction of Standard Busi...
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Content Type:
CDM Article
01 Dec 2007
More communication needed to overcome ‘rem’ issues
Executive remuneration packages – and rising shareholder votes against them – have dominated recent media coverage of the current AGM season.
Telstra grabbed the biggest headline when holders of 66 per cent of its shares voted against its remunerati...
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Content Type:
CDM Article
01 Jul 2006
Directors need to ask numerous probing questions of their finance team and auditors if they are to sign off with confidence on a company’s financial statements. Kevin Forde reports.
Do the numbers add up?
The introduction of the Australian equivalent International Financial Reporting Standard...
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Content Type:
CDM Article
01 Mar 2006
The first defence against financial fraud
Undetected financial fraud is one of the greatest risks to an organisation’s viability and corporate reputation. It has the capacity to draw into its sphere all associated people, not only the guilty.
The role of company directors and a sound c...
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Content Type:
CDM Article
01 Feb 2006
A brave new world
Diana D’Ambra reviews the impact of IFRS 3 on acquisitions and demonstrates how a perceived burdensome piece of accounting compliance may actually be fruitful to strategic thinking.
Not so long ago CEOs and CFOs could talk generally about their ‘valuable client database’, ‘...