News & updates

Latest news & updates

New Chief Commercial Officer for Governance Institute

26/09/16

Governance Institute of Australia has announced the appointment of Ms Meegan George as its new Chief Commercial Officer effective today.

As Chief Commercial Officer, Ms George will be responsible for member-facing and customer-centric services including events, marketing, membership and sales.

Read more


Investors put directors on notice on climate change risk

15/09/16

Blackrock Investment Institute has released a new report titled Adapting portfolios to climate change  Implications and strategies for all investors, which states that investors can no longer ignore climate change, regardless of whether they question the science. This accords with analysis in Australia that directors’ duties must see climate change risk factored into decision-making, whether or not the director believes in the science, given that the market indicates i...

Read more


Movement in executive remuneration

15/09/16

In Australia, a new report from ACSI found that CEO remuneration in ASX200 companies has declined since the GFC, and new CEOs are being hired on lower pay packages. While fixed pay declined, however, the report found 93 per cent of ASX100 CEOs received a bonus in 2015, the largest proportion since 2008. Meanwhile, in the UK, a major fund manager has announced that it has done away with bonuses, saying bonuses had proved to be ‘largely ineffective’ and can lead to ‘wrong behaviours’. Employee...

Read more


NZ consults on its governance code

15/09/16

Updates to the NZX Corporate Governance Code have been issued for consultation — the first substantive revisions since it was introduced in 2003. The consultation paper notes that there are fragmented reporting requirements for issuers at present, and one of the aims of the updated code is to ensure that the NZX code is the primary source of corporate governance guidelines for NZX Main Board issuers. The key changes cover diversity, ESG reporting, health and safety reporting and remuneration...

Read more


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...

Read more


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.

Read more