Vol 7 Issue 3 February 25 2011

  • Date:25 Feb 2009
  • Type:Boardroom Report

Higher stakes but more clarity on OH&S duties

The way directors and officers approach their occupational health and safety (OH&S) responsibilities could change significantly if the recommendations of a new report are implemented.

The recommendations provide more clarity on what the OH&S duties of directors and officers are and how these can be met, but they also lift the stakes by imposing higher penalties for non-compliance.

Is your company a going concern?

As the economy tightens, many directors will need to consider something they probably have not focused too much on in the past – the issue of whether or not their company’s accounts have been prepared in accordance with a presumption of a going concern.

To help them along, KPMG has prepared a Flash Report entitled: How concerned should directors be about going concern?

Gonski’s five lessons

We all know that history repeats itself. Yet, somehow we don’t always learn from it.

Here are the five lessons from the global financial crisis so far that David Gonski AC FAICD, chairman of Investec Bank (Australia), the Australian Securities Exchange and Coca-Cola Amatil, outlined at an AICD lunch in Sydney last week in the hope that they would not be repeated next time around.

Protecting your good name online

Australian directors are overlooking the new media’s potential to topple even the most carefully-built up corporate reputations, according to a new study.

The results of the survey, Risky Business: Reputations Online, conducted by public relations firm Weber Shandwick and the Economist Intelligence Unit (EIU), reveal that most business leaders are out of touch with the damage that can be done by employees chatting online about work or leaking confidential information on the Internet.

Bonds in vogue again

Veteran journalist Alan Kohler forecast a swing back to bonds when he addressed a recent AICD Leaders’ Edge luncheon in Brisbane.

 

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