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Content Type:
Guide
17 Jun 2011
These member-only guides are a starting point in helping you to create effective board committee charters.
Suggestions to help you design an audit, remuneration, or nomination committee charter:
Audit committee charter
Remuneration committee charter
...
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Content Type:
General
24 Feb 2011
This submission sets out our comments on the strategy of the IFRS Foundation, including its mission, governance and its oversight of the IASB standard-setting process. It was lodged with the Trustees of the IFRS Foundation in response to its strategy review consultation document.
As Australia i...
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Content Type:
Director Q and A
04 Jan 2011
The audit committee plays a key role in assisting the board to fulfil its corporate governance and oversight responsibilities in relation to a company’s financial reporting, internal control systems, risk management systems and the internal and external audit functions. This Q&A covers who has a...
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Content Type:
Director Q and A
04 Jan 2011
Companies have a legal responsibility to keep written financial records and to regularly report to members their financial performance and position. This Q&A suggests what questions to ask before approving financial statements.
Companies have a legal responsibility to keep written financial ...
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Content Type:
Director Q and A
04 Jan 2011
The boards of larger organisations often establish committees of directors to deal with complex or specialised issues and to use directors’ time more efficiently. Committees make recommendations for action to the full board, which retains collective responsibility for decision making. This Q&A d...
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Content Type:
Director Q and A
04 Jan 2011
Companies are required to comply with many provisions of the Corporations Act 2001 for financial reporting. This Q&A runs through the requirements for financial reports, the key documents required, financial statements, the Director’s Report and half year financial report.
The Corporations Ac...
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Content Type:
Director Q and A
04 Jan 2011
A listed company has an obligation to continuously disclose information which may have an effect on its market price or value. Continuous disclosure is based on the principle that all investors should have equal and timely access to information about a company. This Q&A explains ASX listing Rule...
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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 Aug 2010
Phil Ruthven
questions whether Australia needs big taxation reform.
A taxing position
At its inauguration, the then Prime Minister suggested the Henry Review would be one of the most far-reaching and significant developments in a long time. But, of course, it could never have been: the G...
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Content Type:
CDM Article
01 Aug 2010
Tony Featherstone
advises directors to sharpen their skills ahead of a likely rise in mergers and acquisitions this year.
Time to brush up those takeover skills
Directors of listed companies should brush up their takeover skills. More mergers ...
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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
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 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:
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:
Media Release
04 Jun 2010
Remuneration reports would be more “shareholder friendly” and would focus on the remuneration actually received by senior executives, under an overhaul of the Corporations Act being proposed by the Australian Institute of Company Directors.The reforms, outlined in a position paper released today, wo...
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Content Type:
CDM Article
01 Jun 2010
Professor Bob Baxt
examines a recent appeals case that suggests directors may owe duties to individual shareholders in certain circumstances.
A duty to one or all
A basic (and some would say trite) rule of company law is that directors owe their duty to the company, the company being the sh...
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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...