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.
The Banking Royal Commission’s Interim Report provided us with insights into two very different outcomes resulting from the activities of several financial services organisations.
Companies need to identify ways to make annual general meetings (AGMs) transparent, ethical, and effective.
One of the questions raised by Rowena Orr, QC in the Banking Royal Commission’s session which took place on 27th April 2018 was “How can companies incentivise good quality advice where the best advice is to do nothing?”
Having reviewed the statement prepared by the ASX 200 Boards in relation to Director capability, incorporating skills and experience, we have noted indicatively two approaches.
Year on year unemployment has declined from 5.9% to 5.4% with employment growth exceeding 380,000 over the last twelve months.
The for-and-against arguments for job descriptions come in and out like the tide.
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.
The Agenda is our must-read summary of issues concerning Boards of Directors and Government.
Egan Associates has completed a special report summarising views and suggestions on on the regulation of proxy advisors in Australia and reviewing the actions of other jurisdictions.