The Australian Institute of Company Directors has released a report investigating the relative levels of corporate governance in For-Profit (FP) and Not-For-Profit (NFP) boards.
When is Advice not Advice?
a number of boards may not be either receiving or taking advice in relation to KMP remuneration matters.
Should we kill the AGM?
The Corporations and Markets Advisory Committee (CAMAC) has just released a discussion paper (PDF), which introduces concepts that could result in the end of the Annual General Meeting (AGM) as we know it.
Governance Looms for Superannuation Firms
On 22 August, the Superannuation Legislation Amendment (Trustee Obligations and Prudential Standards) Bill 2012 was passed through parliament without amendments, introducing new laws intended to increase the quality of superannuation fund governance.
Strategic Preparedness
We’re often asked for references on Scenario Planning. Here are some of the best and most readable that we have discovered.
Proxy Voting Amendments
>When extensive amendments were made to the Corporations Act 2001, in mid-2011, concern was expressed about the lack of clarity on the right for proxy holders, who were also key management personnel (KMP) (or a related party of a KMP), to vote on KMP remuneration, in effect to take part in the non-binding vote on the remuneration report.
Governance & Remuneration Advisors
In the first half of this year, Egan Associates has been asked to consider a significant array of strategic reward challenges arising from Boards facing shareholder opposition to their remuneration practices.
The Influence of Proxy Advisors
here has been considerable discussion about the impact proxy advisors have on the voting patterns of shareholders who now have a more powerful voice on executive remuneration.
Shareholder and Governance Matters
Around the globe, regulators are requiring fuller disclosure of not only the level of executive remuneration, but also the policies on which it is based.
High Court Alert for Directors in the James Hardie Decision
The High Court of Australia has sent a clear message for directors with its ruling on James Hardie, finding in favour of ASIC. Ti should be a wake up call for all directors of companies.