Vol 7 Issue 17 September 9 2009

  • Date:09 Sep 2009
  • Type:Boardroom Report

Bills get Senate Committee’s thumbs up

The Senate Economics Legislation Committee on Monday released a report recommending that the Senate pass the Corporations Amendment (Improving Accountability on Termination Payments) Bill 2009. The government had earlier released regulations relating to the operations of the new law.

But according to AICD CEO John Colvin, the Termination Payments Bill still has a number of practical difficulties that may create unintended consequences.

Lessons from the world’s most admired companies

Designing and implementing effective operating models is what separates the world’s most admired companies (WMACs) from the rest, research by Hay Group has found.

Every year, Hay Group asks executives in leading global companies to assess their peers on attributes such as the quality of their management, their long-term investment value and their ability to attract and retain talented people. The results form FORTUNE magazine’s annual list of WMACs and this year they have been published in a new whitepaper called Charting a Course to Success.

NFP woes from the GFC

While the global financial crisis (GFC) has created some harsh challenges for the not-for-profit (NFP) sector, a new study by the Centre for Corporate Public Affairs reveals it has also had some positive spinoffs.

Among these are a heightened focus on good governance and the management of risks and reserves, as well as more engagement between NFP employees and boards on financial management and strategy planning.

Tackling late payments

Small and medium sized enterprises are stretched to breaking point by slow payments, with an average payment now taking around 57 days, almost double standard trading terms.

Good governance vital in managing climate change risk

Boards that are already meeting best practice in corporate governance will be well equipped to respond to the emergence of climate change as a new and active stakeholder in Corporate Australia.

This was the view of Clayton Utz partner Rod Halstead when addressing a recent seminar on Climate Science and Risk in the Boardroom.

 

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