Topic: Corporate Governance

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General Duties of Directors

Directors govern a company on behalf of the shareholders of that company. The Corporations Act 2001 states in s 198A (1) that ‘The business of a company is to be managed by or under the directio...

Taking care of governance

Australia's largest not-for-profit health fund HCF continues to strive for best practice in governance and serving its members, explains its board of directors.

Why good governance is important in the public sector

Governance affects an organisation’s performance, its appetite for risk and ability to innovate say Nigel Phair and Robert Kay ahead of their appearances at the AICD’s Public Sector Forum.

Robust discussion v bullying: tips on how to avoid crossing the line

Directors as “workers” may become subject to anti-bullying orders following a recent landmark decision by the Fair Work Commission. But how do directors avoid crossing the line between robust boardroo...

Federal Court affirms Brickworks and Soul Pattinson directors had companies’ best interests in mind

A Federal Court decision in the long-running Perpetual-Brickworks/Soul Pattinson litigation appears to underline existing principles relating to directorship and governance.

ASIC shares lessons for emerging market issuers and gatekeepers

The continued prevalence of emerging market issuers has led the corporate regulator to release a report on the key challenges associated with these issuers and what directors and other gatekeepers can...

3 tips for directors on asset management

All board directors are asset managers, entrusted to manage and generate value from investments for the organisation and its stakeholders. Dr Monique Beedles FAICD, author of ‘Asset Management f...

Future of the AGM – Don’t Throw the Baby Out with the Bathwater

Shareholders, investors, companies, directors and commentators have flagged a decline in the importance and role of the AGM. Steven Cole FAICD presents the case for improving and modernising this crit...

Former chairman of AWB Limited fined and banned for duty of care breach

In a cautionary tale for directors, former AWB Chairman Trevor Flugge was this week fined in connection with the Iraqi ‘oil for wheat’ scandal. AICD Senior Policy Adviser Lysarne Pelling explains the ...

Proxy advisers: Have your say

The role of proxy advisers is in the spotlight. The AICD is currently developing a new policy around the issues that they pose. We are calling on input from our members, writes AICD Senior Policy Advi...
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