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Australia looking at anti-slavery legislation


Australian companies may soon have to report on the steps they have taken to ensure that slavery and human trafficking are not occurring in their supply chains or other parts of their businesses.

Last month, the Foreign Affairs and Aid Sub-Committee of the Parliament’s Joint Standing Committee on Foreign Affairs, Defence and Trade announced it had begun an inquiry into whether Australia should adopt national legislation to combat modern slavery, comparable to the UK’s Modern Slavery Act 2015 (MSA).

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Charity fundraising code to be improved


The Fundraising Institute of Australia (FIA) has released an exposure draft of a revised fundraising code of conduct for the charity sector.

The code aims to reflect best practice and addresses some of the public concerns raised against fundraising practices in recent times. These include how fundraisers approach people in vulnerable circumstances and the due diligence charities carry out when working with fundraising contractors.

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FRC to review UK Corporate Governance Code


Corporate governance in UK is set to come under wider scrutiny after the country’s accounting watchdog, the Financial Reporting Council (FRC), announced it would conduct a fundamental review of the UK Corporate Governance Code.

Speaking at the launch of ICSA’s work on The Future of Governance in mid-February, FRC chair Sir Win Bischoff said the review would consider the appropriate balance between the code’s principles and provisions. 

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New code supports equal representation model for industry super funds


In mid-February, the Australian Institute of Superannuation Trustees (AIST) released a draft code reinforcing the importance of the equal representation model for industry super funds, adding another detour in the Federal Government’s path towards reforming the governance of Australia’s superannuation funds.

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Launch of ‘must-have’ guide for aged care sector


The Australian Government announced significant reforms to improve the delivery of home care services. Funding for a home care package is now allocated to the consumer — not the aged care provider. These significant reforms will force aged care providers and their boards to grapple with a new business model. Those who don’t adapt won’t survive.

On Monday 20 February, we launched our highly anticipated guidance — Adding value to governance in aged care. The free guide will help providers manage their governance responsibilities in light of these fundamental changes.

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Key issues in whistleblowing reform


The key issues that will be the subject of stakeholder comment in the consultation being undertaken by the government at present include expanding the categories of whistleblower; extending the scope of information to be disclosed; replacing the ‘good faith’ requirement by an objective test requiring the disclosure be made on ‘reasonable grounds’; and whether anonymous disclosures should be protected. The other key issue is compensation for whistleblowers.

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Latest media releases

Governance Institute launches ‘must-have’ guide for aged care directors


With profitability, return on assets and equity under pressure in what is soon to be the largest employer in the country, Governance Institute of Australia’s Adding value to governance in aged care is a ‘must have’ guide for directors and senior management facing the governance challenges of a sector going through unprecedented disruption.

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Governance Institute calls for ‘one-stop’ shop for whistleblowers


Governance Institute has called for a stand-alone, ‘one-stop-shop’ Act for corporate whistleblowers, saying that regulator -specific provisions across many pieces of legislation will not provide the best protection for those exposing misconduct.

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Proposed ASIC funding model will subsidise poor corporate behaviour


The funding model for ASIC being proposed by the Federal Government is likely to result in-well run and well-governed entities subsidising entities exhibiting poor corporate behaviour, claims Governance Institute of Australia.

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Governance Institute awards scholarships to three high-achievers


Governance Institute of Australia has awarded the 2016 Leonard Watson Chant Legacy postgraduate governance scholarship to three outstanding professionals. 

The scholarship covers the fees for each student’s preferred governance course, up to a maximum of AUD$13,038.

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Andrew Horne new president of Governance Institute


Governance Institute of Australia has elected senior corporate lawyer and governance professional Andrew Horne president effective 1 January 2017.

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Senate urged to delay recommendations until whistleblowing research released


Governance Institute is urging the Senate Inquiry into Scrutiny of Financial Advice not to make any recommendations on whistleblowing systems until the results of Australia’s largest whistleblowing research project are released.

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