Vol 7 Issue 23 December 2 2009

  • Date:02 Dec 2009
  • Type:Boardroom Report

AICD champions gender diversity

AICD has announced a range of new measures aimed at boosting the pool of women available for boards and other senior executive positions.

According to AICD, the current proportion of women on major company boards in Australia is not good enough and needs to be increased. Indeed, the latest Equal Opportunity for Women in the Workplace Agency (EOWA) data shows that only 8.3 per cent of ASX 200 company directors are women.

AICD’s initiatives are aimed at addressing the so-called “pipeline problem”, the current obstacles to women gaining positions in senior management ranks that could prepare them for future directorship roles.

ASIC proposals on insolvent trading

The Australian Securities and Investments Commission (ASIC) has released a consultation paper outlining proposed guidance to directors on their duty to prevent insolvent trading.

Leadership vital in creating a risk culture

The board’s and management’s responsibility for risk does not stop at the creation of policy. Both must be able to communicate the risk philosophy and culture to the whole organisation and ensure that everyone is aware of the risks they run on a daily basis.

Why women lag in CEO and chair posts

Research by the University of Queensland (UQ) Business School has been uncovering some of the reasons that may limit female career progression and in particular, movement to CEO roles and directorships.

APRA releases its remuneration standards

The Australian Prudential Regulation Authority (APRA) has released its prudential requirements on remuneration for authorised deposit-taking institutions (ADIs) and general and life insurance companies.

 

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