-
31 Jan 2013
A non-executive director is a one who is not employed by the organisation in an executive capacity. All directors, whether executive or non-executive, must comply with basic legal requirements under the Corporations Act 2001. This Q&A describes the role of the non executive director and how they...
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...
Content Type: Director Q and A
-
01 May 2012
Two prominent overseas chairmen talk to Zilla Efrat about how they vet information from management and foster better debate around the boardroom table.
Two highly experienced foreign company chairmen recently visited Australia to participate in the Australian Institute of Company Director...
Content Type: CDM Article
-
01 Mar 2012
Shaun Fraser and Jamie Irving identify some questions boards should be asking to assess whether they have an effective framework in place to tackle the current volatile and risky business environment.
Australian Non-Executive Directors (NEDs) operate in an increasingly difficult and risk...
Content Type: CDM Article
-
23 Feb 2012
The "expectation gap" – the difference between what the community expects from non-executive directors and how directors realistically perform their roles - is impeding corporate performance and impacting our national economic competitiveness. These are the findings of a new White Paper, ...
Content Type: Media Release
-
01 Feb 2012
John M Green provides a reality check to remind you of some of the hurdles directors face.
Visualise a bunny. Not just any bunny, but one in the cross-hairs of a rifle that’s already cocked. That bunny is you, by the way: a non-executive director (NED).
So when people tell me they wan...
Content Type: CDM Article
-
01 Feb 2012
Steven Cole is the author of a white paper, Mind the Expectation Gap, which canvasses the reasons why an “expectation gap” has arisen between what directors do and what the public and law expect from them.
Non-executive directors (NEDs) play a vital role in the prudential governance of cor...
Content Type: CDM Article
-
02 May 2011
Abstract:
Highlighting the commitment of the director community to lifting the number of women on boards, Australia’s leading chairmen and company directors have again signed up to the Australian Institute of Company Directors’ Chairmen’s Mentoring Program.
Now in its second year, the program...
Content Type: Media Release
-
08 Mar 2011
Abstract:
Legislated quotas are not the way forward in improving the representation of women on Australian boards.
New requirements introduced by the ASX Corporate Governance Council, and programs introduced by the Australian Institute of Company Directors and other business groups to encoura...
Content Type: Media Release
-
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...
Content Type: General
-
23 Feb 2011
Abstract:
The Bill governing executive remuneration and board composition introduced to Federal Parliament on 24 February 2011 remains excessive and fundamentally flawed, particularly in relation to the “two-strikes” and “no-vacancy” rules.
The Australian Institute of Company Directors has e...
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...
Content Type: Media Release
-
28 Jan 2011
Abstract:
Draft legislation governing executive remuneration and board composition is excessive and fundamentally flawed, adding more unnecessary regulation with possible damaging unintended consequences.
Download the media release, 'Executive pay laws are fundamentally flawed, say director...
Content Type: Media Release
-
21 Dec 2010
Abstract:
On 17 December 2010 the Supreme Court of New South Wales Court of Appeal delivered its judgments on the appeals and cross appeals in the James Hardie matter.
The focus of this Member Alert is the Court of Appeal's decision in Morley & Ors v ASIC as it relates to the non-execu...
Content Type: General
-
17 Dec 2010
Today’s decision by the NSW Court of Appeal overturning previous findings that seven former James Hardie Industries Limited directors had breached their duties highlights the strength of Australia’s legal system and the value of having an independent judiciary and system of appeals.
On our ini...
Content Type: Media Release
-
15 Nov 2010
On 15 November 2010, the Australian Institute of Company Directors wrote to the Department of Health and Ageing in response to a Discussion Paper “Medicare Locals - Discussion Paper on Governance and Functions”. The submission set out our views on various governance aspects of Medicare Locals. In p...
Content Type: Policy Submission
-
01 Jul 2010
John Colvin
weighs into the debate of whether the expectation gap between how boards operate and what’s expected of them could be narrowed if directors’ roles were reformulated.
Great expectations
In business, we all know how important it is for any company to have appropriate and cl...
Content Type: CDM Article
-
01 Jun 2010
Gabrielle Upton
reports on a recent panel discussion that focused on what will be expected of directors under new work health and safety laws.
Taking the lead in workplace safety
In December 2009, the Workplace Relations Ministers Council endorsed the Model Work Health and Safety Bil...
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...
Content Type: CDM Article
-
01 Jun 2010
Senior directors discussed the ins and outs of resigning from a board gracefully at the
Company Directors Conference, Directorship:10
in Christchurch, New Zealand, in May.
Should I stay or should I go?
Like many other experienced dire...
Content Type: CDM Article