Governance Institute has been in discussion with the government with ideas for reform of the annual general meeting (AGM) for some time.
The government has issued a proposal paper outlining reforms to improve insolvency laws, in particular introducing a 'safe harbour' for directors from personal liability for insolvent trading if they appoint a restructuring adviser to develop a turnaround plan for the company.
The world’s largest research project into whistleblowing will support a dramatic uplift in corporate culture at a critical time when the government, regulators and community are demanding higher standards of ethical conduct from Australian corporations.
The restoration of $127 million of funding cut from ASIC’s budget in the 2014 Federal Budget — while welcome — does not address the more urgent need for a sustainable long-term funding model to give ASIC the financial stability it needs. ASIC has lost 14 per cent of its staff over the past few years due to the funding cuts of 2014.