Vol 10 Issue 6
- Date:04 Apr 2012
- Type:Baordroom Report
Directors say no to a budget surplus at all costs
Australia's directors don't believe the Federal Government should strive for a budget surplus at all costs in 2012/13, particularly if global economic volatility intensifies.
That was the view of almost 60 per cent of the directors surveyed for the April 2012 Director Sentiment Index (DSI), released yesterday by the Australian Institute of Company Directors. Only 26 per cent of directors said achieving a budget surplus was vital.
Australia's corporate regulator has put company directors on notice about related party transactions and potential conflicts of interest.
Employers and directors are exposing their businesses to hefty fines by not plugging their organisation's gaps in complying with the new workplace health and safety laws, warns Amy Towers, work safety managing consultant at FCB Group and an adviser to WorkPro.
Despite economic change, technological advances and increased globalisation during the past 15 years, the core business practices that distinguish the World's Most Admired Companies (WMAC) have remained consistent, says Anand Shankaran, head of consulting at Hay Group.
A recent amendment to the Australian Securities Exchange's listing rules will affect applications for new listings and the directors that sit on newly-listed companies.
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