Volume 12 Issue 15

  • Date:06 Aug 2014
  • Type:Boardroom Report

Slow pace of board renewal frustrates directors

A recent survey reveals that Australian directors are frustrated by the pace of board refreshment in the face of changing demographics and business conditions.

Indeed, 81.3 per cent of the Australian directors surveyed described their board’s approach to exiting unwanted members as “less than effective”.

Don’t confuse OFR with the integrated report

Listed company directors should exercise caution when preparing disclosures under both the operating and financial review and the international integrated reporting framework.

Directors cannot afford to be complacent about class actions

While claims relating to the global financial crisis and market shocks seem all but over, Australian boards have been warned to brace themselves for a new wave of class actions.

Growth in private ancillary funds offers charities new opportunities

The growth in popularity of private ancillary funds presents charities with an opportunity  to engage with wealthy Australian donors in a different way, says Australian Philanthropic Services’ Chris Cuffe FAICD.

Don’t turn a contract into a handcuff

Owners of small and medium-sized enterprises (SMEs) could expose themselves to potential financial difficulty by entering into contracts without being aware of the full implications or checking with their professional advisers. 


Mercedes

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