Volume 11 Issue 21

  • Date:30 Oct 2013
  • Type:Boardroom Report

Director liability reforms provide good news for directors

The Australian Institute of Company Directors has welcomed significant reforms being implemented by the Newman government to reduce red tape and the burden of liability on directors in Queensland.

Insiders make better CEO appointments

The latest Booz & Company annual Australian CEO study shows that Australian boards preferred familiarity, choosing to appoint 60 per cent of their new CEOs from inside their organisations in 2012.

NFP directors earn greater respect 

Directors participating in the 2013 Directors Social Impact Study (DSIS), including many with experience on large and listed company boards, noted that, on a like-for-like basis, NFP directors required a wider range of skills than for-profit directors.

No bells ring for directors after Bond case settlement 

Directors have been left in the dark on several questions about their duties, and to whom those duties are owed, following the recent settlement of the long running Bell case.

Avoid Australia's insolvency hotspots

The latest statistics from the Australian Securities and Investments Commission (ASIC) highlight the need for directors, especially those of small and medium-sized enterprises (SMEs), to remain vigilant and to act quickly if they detect problems


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