Media releases

In representing members' views, Governance Institute of Australia uses the media to promote its position on key issues.

Year: 2009

Government-owned companies — a corporate governance failure


The governance frameworks of government-owned corporations (GOCs) are deeply flawed, according to new research that indicates the these companies are plagued by a fundamental lack of independence from the government, a defect that could seriously undermine their ability to operate as efficient commercial entities.

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Two strikes and you’re out no good for shareholders


Giving shareholders powers to force a board to stand for re-election could see a company without a board, which in turn would decimate the share price and disenfranchise, rather than empower shareholders, Chartered Secretaries Australia (CSA) argues in its response to the Productivity Commission’s draft report on executive remuneration.

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Education not legislation required for clearance processes for trading in company securities


Education, not legislation, is needed to encourage greater consistency and transparency in how companies implement clearance procedures for directors and executives trading in a company’s securities, a new survey has found.

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Long-term employees caught in flawed exec termination pay proposals


Poorly drafted and rushed legislation designed to cap executive termination payments will penalise long-serving employees by placing their legitimate termination payouts at the mercy of a shareholder vote, says Chartered Secretaries Australia (CSA).

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CAMAC recommendations will test Council’s appetite for robust self-regulation


The ASX Corporate Governance Council’s (the Council) commitment to a robust self-regulatory regime will be sorely tested as it considers how the Corporations and Markets Advisory Committee’s (CAMAC) recommendations to government to improve market integrity can be incorporated into the Council’s principles-based ‘if not, why not regime’.

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Government review into share register access told to clamp down on marauding marketers


Chartered Secretaries Australia (CSA) has provided confidential data to the government clearly demonstrating that shareholder registers are primarily being sought by charities, brokers, investment companies, genealogical research companies and other self-interested parties, mainly for marketing purposes.

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