News & updates

Latest news & updates

Boards and C-suite must lift their game — Ethics Index findings

09/08/16

The Australian public sees big business, banks and politicians as ‘unethical’, according to the findings of the inaugural Governance Institute Ethics Index. The majority of people surveyed also consider chairs, CEOs and senior executives to be more unethical than not, despite being considered the most important ‘gatekeepers’ influencing ethics in companies. These roles are perceived to wield considerable influence over ethics in corporate culture — government laws, regulations and f...

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British PM sets path for corporate governance reforms

09/08/16

In a speech on 11 July, launching her national campaign to become Leader of the Conservative Party and Prime Minister of the United Kingdom, Theresa May — now the current PM — set out a number of key corporate governance reforms she intends to introduce, including a binding, rather than advisory, vote on remuneration and consumer and employee representation on company boards.

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UK regulator report on corporate culture

09/08/16

The UK Financial Reporting Council (FRC) has released Corporate Culture and the Role of Boards, which addresses how boards and executive management can steer corporate behaviour to create a culture that will deliver sustainable performance. Adding to the increasing regulator focus globally on the importance of corporate culture, it specifically addresses the role of culture in long-term value and the role of the board in shaping, monitoring and overseeing culture.

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ASIC concerned about poor due diligence in IPOs

09/08/16

ASIC has released a report setting out concerns with poor due diligence practices in initial public offerings (IPOs). ASIC notes its concerns cover prospectuses containing misleading and deceptive statements with no reasonable basis and material information having been omitted that would have been included had the issuer conducted all reasonable investigations; significant inconsistency in the diligence practices as well as a worrying tendency to take a ‘tick-the box’ approach; and a lack of...

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NZ corporate governance a work in progress

09/08/16

The NZ Financial Markets Authority (FMA) has released the results of its review of corporate governance disclosures by listed and unlisted companies, noting that 'there is work to be done to ensure that investors can find information to help them assess the companies they are considering investing with, and make informed investment decisions'. The review addresses the extent to which the companies disclose against the nine NZ corporate governance principles. 

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Reform of governance in sport

12/07/16

The Australian Sports Commission (ASC) has released a paper to support ongoing governance reform that calls for sports to take a unified approach to behaviour, processes and supporting systems. Building trust and national cohesion, while improving sports’ commercial and financial positions, are the key objectives of the next stage of governance reform led by the ASC.

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