The first Newsletter of the 2018 calendar year provides not only comment on contemporary issues, but also includes comment on the 10 most popular articles over the last 60 editions of our Newsletter and the most widely read Key Management Personnel Reports (KMP Reports) of the past 5 years.
Public Sector Pay
Has the community the right frame of reference when expressing views about the level of remuneration paid to employees retained by Commonwealth, State or Local Government organisations?
Job Descriptions – The Million Dollar Document
The for-and-against arguments for job descriptions come in and out like the tide.
Law Council of Australia Reviews the BEAR’s Role in Australia
Submissions to the Senate Economics Legislation Committee Inquiry into the Treasury Laws Amendment (Banking Executive Accountability and Related Measures) Bill 2017 closed on 1 November, with the Committee due to report on 24 November.
BEAR Regime Continues to Raise Concerns in Financial Services Sector
The Banking Executive Accountability Regime (BEAR) has made banks and businesses cautious and concerned. Banks have echoed a warning that BEAR threatens the clarity of roles between APRA and ASIC, and also creates potential upheaval with insurance and superannuation funds, as BEAR could be broadly applied to such organisations.
Reputation – a key KMP KPI?
Reputation is said to be hard won and easily lost. When reputation is damaged in a corporate environment, scrutiny by regulators and shareholders, particularly when it impacts on the bottom line and/or market value, will often increase.
The CPA experience – Lessons in Corporate Governance
Recently, CPA Australia was subject to considerable criticism about the remuneration of its prior CEO and management team.
Responses to Bank Executive Accountability Regime (BEAR) Consultation Paper
Company Directors have warned that the BEAR regime gives the Australian Prudential Regulation Authority (APRA) too much power and creates more risk-aversion in Authorised Deposit taking Institutions (ADIs). The regime may restrict ADIs in selecting the accountable persons subject to the regime based on essential corporate needs and requirements.
Increased Accountability Important for all Industries, not just Banks
Treasury’s Banking Executive Accountability Regime (BEAR) provides food for thought for every enterprise looking to ensure KMP manage resources in the long-term interests of the organisation.
The Agenda – July 2017
The Agenda is our must-read summary of issues concerning Boards of Directors and Government.