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Content Type:
Media Release
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...
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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...
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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
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...
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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:
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...
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Content Type:
General
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...
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Content Type:
Media Release
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...
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Content Type:
Policy Submission
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...
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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
07 May 2010
This submission to Treasury is in response to the discussion paper entitled Audit Quality in Australia: A Strategic Review.
As directors are ultimately responsible for the company’s financial reports and for the audit process, the Australian Institute of Company Directors is interested to ensure t...
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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:
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
23 Jun 2009
On 23 June 2009 AICD wrote to the International Corporate Governance Network (ICGN) setting out its views on proposed changes to the ICGN’s guidelines on the remuneration of non-executive directors. In its letter AICD provided feedback on matters such as proposed guidance on minimum director share h...
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Content Type:
Position Paper
02 Oct 2008
This position paper sets out some of AICD's views on good corporate governance relating to the remuneration of non-executive directors. The paper represents an amalgamation of past comments made by AICD on the subject.
Position paper no 12 - Remuneration of Non-executive directors