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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:
Director Q and A
31 Jan 2013
Company secretaries traditionally have had the role of administering the affairs of the company and the business of the board. This role has now expanded to include an involvement with corporate governance policies and practices within the company. This Q&A outlines their responsibilities as per...
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Content Type:
Director Q and A
31 Jan 2013
The board has the responsibility of assessing the performance of the CEO and has a vested interest in ensuring the CEO is effective. This Q&A explains the process of how to conduct an appraisal, how often they should be carried out and other considerations to take into account to ensure a good r...
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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:
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:
CDM Article
01 Sep 2010
Tony Featherstone
discusses some of the latest findings on CEO succession planning and what they mean for boards.
Planning for CEO succession
A cursory glance at the writings of the popular press suggests boards still have a cosy relationship with CEOs and that they put CEO needs bef...
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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:
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...
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Content Type:
Media Release
16 Apr 2010
The measures announced by the Federal Government in response to the Productivity Commission’s executive remuneration inquiry will add more unnecessary regulation and have unintended consequences which could disrupt companies, the Australian Institute of Company Directors said today.
There were...
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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:
Media Release
19 Jan 2010
The package of insolvency law reforms announced by the Minister for Corporate Law, Chris Bowen, addresses some significant concerns of business and the director community, the Australian Institute of Company Directors said today.We welcome the measures, which included amendments to the Corporations ...
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Content Type:
Media Release
24 Nov 2009
The Australian Institute of Company Directors (AICD) advocates diversity on boards and believes companies should adopt an open approach that aims to select the best possible directors from a diverse range of candidates.Directors should be chosen from a broadly-based candidate pool, possessing approp...
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Content Type:
Media Release
30 Sep 2009
The Australian Institute of Company Directors (AICD) has welcomed the Productivity Commission’s recognition that salary caps and other prescriptive regulation are not the answer to tackling concerns about executive remuneration
. Responding to the Commission’s draft report into regulation of exe...
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Content Type:
CDM Article
01 Apr 2009
The times they are a-changin’ and with them, so are the skills your CEO may need.
Giles Parkinson
examines the new phenomena at work in the CEO market.
Is your CEO right for the times?
Nobody in the corporate world needs to be reminded that these are challenging times. Economies ...
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Content Type:
Media Release
10 Mar 2009
Principles designed to encourage greater consistency and transparency in non-statutory profit reporting have been released by the Financial Services Institute of Australasia (Finsia) and the Australian Institute of Company Directors (AICD) today.The inconsistent reporting of non-statutory profit fig...