News & updates

Latest news & updates

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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Industry super fund governance review not released

12/07/16

A review and code of governance of the not-for-profit superannuation industry led by former RBA Governor and Treasury Secretary Bernie Fraser, which was due to be operational by now, has not been released. Industry Super Australia (ISA), which commissioned the review with the Australian Institute of Superannuation Trustees (AIST), has advised that a decision had been take to defer the release of the review’s report and recommendations until after the election. 

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Charitable giving in Australia not wasted

12/07/16

In a call aimed at getting rich Australians to donate more on the basis of improved return for the philanthropic investment, the CEO of JBWere Australia has called for consolidation in the sector. But the report is based on a series of incorrect assumptions. At a time when the charity sector needs support, due to decreases in government funding while governments simultaneously outsource more services to the sector, the misleading report provides an inaccurate picture of the charity sector th...

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Room for improvement on disclosures on board skills and sustainability risks

07/06/16

Disclosures against the nine new recommendations in the 3rd edition of the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations have been examined in a new KPMG report. While there was a high level of adoption and acceptance of the new recommendations, ranging from disclosure of a board skills matrix to directors’ induction programs to the company secretary reporting line, the report shows that disclosures on board s...

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Moving the notice of meeting into the digital world

07/06/16

The government is consulting on proposals for the technology-neutral distribution of meeting materials. Having advocated for this reform for some years, Governance Institute welcomes the proposals. 

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Diversity — more than gender and some way to go

07/06/16

KPMG released a report examining the disclosures against Recommendation 1.5 on diversity in the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations in the first full year of reporting on the 3rd edition.

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