Misalignment Between Shareholders and Regulators
In his findings, Commissioner Hayne nominated six norms of conduct underpinning any regulation to include: obey the law; do not mislead or deceive; act fairly;
To Be Or Not To Be … A Director?
Since the findings of the Hayne Royal Commission, many Boards and their members would have reflected on their effectiveness and thoroughness in addressing a myriad
ASX Governance Guidelines – What’s New?
The 4th edition of the Australian Securities Exchange Corporate Governance Principles, which are voluntary and operate on an ‘if not why not’ basis, have placed
Director Capabilities
Recent press comment and statements made in response to the Hayne Royal Commission have reinforced observations from investors, proxy advisers and others that Boards need
Issues Impacting on Preparation of Upcoming Annual Reports and 2019 AGMs
Considering some observations made by proxy advisers, institutional investors and researchers pertaining to the 2018 financial year, we believe some key issues for 2019 AGMs
Reward in the Financial Sector
Is it time for a new paradigm? Board Remuneration Committees of major companies, of which financial services represent a significant proportion, generally seek information and
New ASX Corporate Governance Guidelines
In late February the ASX released the most recent edition of their Corporate Governance Council’s Corporate Governance Principles and Recommendations. We note that the recommendations
Strikes Against the Remuneration Report – 2018 AGM Season
There has been a significant increase in the number of ASX 300 companies receiving a strike against their remuneration report in the 2018 AGM season, with fifteen companies overall receiving strikes compared with six in 2017.
A Decade of Change in KMP Rewards
The decade since the Global Financial Crisis can be regarded as one of considerable change in relation to incumbency and reward.
Governance – Increasing Complexity and Scope
The 2017 and 2018 reporting periods have seen increased shareholder activism, changes in emphasis and priorities expressed by institutional investors and proxy advisors, and a sense of urgency in addressing issues arising from the Hayne Royal Commission which are clearly observed as extending beyond the Financial Services Sector.