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Content Type:
Director Q and A
31 Jan 2013
The CEO is the more senior executive in the organisation. The Managing Director is also the most senior executive but sits on the Board of Directors as well. This Q&A outlines the main aspects of the MD's/CEO's role and the differences between them as well as executive service agreements and del...
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Content Type:
Director Q and A
31 Jan 2013
Executive Directors are employees of the company as well as being a member of the Board. On top of their full time executive position, they are appointed by the Board. At law they have the same duties and responsibilities as other Directors. This Q&A runs through the role of Executive Directors ...
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Content Type:
Director Q and A
31 Jan 2013
Directors govern companies on behalf of the shareholder who elect them. All directors must comply with basic legal requirements under the Corporations Act 2001 which specifies four main duties for directors with a number of other areas of key responsibility. This Q&A runs through the role of dir...
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Content Type:
Policy Submission
07 Jun 2011
This submission to Federal Treasury is in response to the Exposure Draft of the Corporations Amendment Regulations 2011, released on 16 May 2011.
The submission reiterated some of our concerns with the Corporations Amendment (Improving Accountability on Director and Executive Remune...
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Content Type:
Policy Submission
30 Mar 2011
This submission to Federal Treasury sets out our views on the Discussion Paper 'The clawback of executive remuneration where financial statements are materially misstated', released by the Federal Government on 20 December 2010.
We noted our strong opposition to a mandated clawback provisi...
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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:
Media Release
15 Feb 2011
Abstract:
Four leading organisations, among them some of Australia’s largest employers, are partnering with the Australian Institute of Company Directors in a new corporate leadership program, which aims to prepare senior executives for directorship roles and assist in building a diverse talent...
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Content Type:
Media Release
11 Feb 2011
Abstract:
The process of reform of Australia’s onerous director liability legislation needs to be completely “re-booted” after the evident breakdown of the current approach.
The 2nd annual progress report published by the COAG Reform Council on 11 February 2011 regarding reforms to deliver...
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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:
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:
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
02 Mar 2010
We are concerned that current laws on insolvent trading sometimes prevent the best stakeholder outcomes from being achieved. They make trading out of insolvency not only extremely risky but they prohibit it for the directors of a company in solvency stress. Each director faces being held personally ...
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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
26 Feb 2010
The issue of director share trading is central to maintaining the integrity of Australia’s capital markets. AICD believes that the case for a listing rule proposed by ASX has not been properly made out. In support of a less prescriptive approach and the positive impact of strong regulatory oversight...
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Content Type:
Policy Submission
22 Dec 2009
AICD argues in this submission that the proposed guide has a useful educative purpose but that its limitations should be clearly acknowledged including that it does not represent the law or judicial interpretation. The guide fails to acknowledge at a number of levels the difference between the roles...
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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
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
19 Mar 2009
This submission provides some comments from AICD to the Australian Shareholders Association (ASA) on its draft policy statement on executive remuneration.
It includes AICD's views regarding statutory restrictions on executive remuneration, binding shareholder vote and executive termination payme...
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Content Type:
Position Paper
22 Oct 2008
This position paper sets out some of AICD's views on executive termination payments and identifies some issues for boards to consider. The paper draws together comments previously made by AICD on the subject.
Position paper no 13 - Executive termination payments
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Content Type:
Position Paper
06 May 2008
This position paper sets out some of AICD's views on companies providing non-recourse loans to executives for the purpose of funding share purchases. AICD considers that such loans do not typically represent "best" corporate governance practice, however it does not support a legislative prohibition...