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COVID-19 is an infectious disease caused by the virus strain severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). Worldwide spread of the disease began for the first time in 2019 and has developed into the 2019–20 coronavirus pandemic.
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Governance Leadership Centre
One million unemployed and record low wage growth
14 August 2020 | Mark Thirlwell MAICD
July’s labour market report delivered stronger employment growth, a lower unemployment rate and a higher participation rate than had been expected. But it also left more than one million Austral...
ASIC releases urgent reporting update in response to Victorian COVID-19 restrictions
12 August 2020
The Australian Securities and Investments Commission (ASIC) has updated their FAQS on the implications of COVID-19 for financial reporting and audit to provide guidance on the impact of restrictions i...
Adapting executive and director pay for a crisis
10 August 2020 | Michael Robinson, Suzanne Wohlthat
Many CEOs and non-executive directors saw reductions in their fixed remuneration and incentives as part of the early response to the COVID-19 crisis. The “second wave” of actions is likely...
Board and management
JobKeeper expanded as growth expectations scaled down
7 August 2020 | Mark Thirlwell MAICD
The government has eased eligibility requirements for the JobKeeper program as intensified public health measures in Victoria have prompted Treasury to scale back its forecasts for Australian GDP grow...
Risk takes the spotlight in board crisis lessons
6 August 2020 | Shelley Dempsey
What lessons have we learned about risk in the wake of the crisis? Many boards were under prepared for the unprecedented COVID-19 crisis and now face intense pressure to get their strategic risk manag...
Growth opportunities for SMEs
6 August 2020 | Shelley Dempsey
As SMEs face an uncertain future with reduced JobKeeper payments looming, they must look to growth for survival, experts warn. So as research shows that 28 per cent of SMEs innovated for the future du...
Dropping into deflation as CPI Index falls
31 July 2020 | Mark Thirlwell MAICD
Australia’s consumer price index fell by a record-breaking 1.9 per cent in the June quarter. Payroll jobs have now fallen for the last three weeks. Consumer confidence continues to erode. Dwelling app...
AICD welcomes extension for virtual AGMs and e-signatures
31 July 2020
The Australian Institute of Company Directors (AICD) has today welcomed the Treasurer’s six-month extension of the temporary relief measure allowing for virtual AGMs and e-signatures.
Government extends temporary relief measures for virtual AGMS and electronic signatures
31 July 2020 | Laura Bacon
The Federal Treasurer has today announced an extension to the temporary relief measures relating to online meetings and electronic document execution for a further six months.
Is a board career really worth it during COVID-19?
28 July 2020 | Fiona Smith
As boards continue to respond to the COVID-19 outbreak, the increase in director workloads has prompted many to question the risk vs reward equation.