Creating a board skills matrix clarifies the thinking of the board and aids in productive conversations around skill sets. However, why is a board skills matrix so important and how can you use it to support the strategy of the organisation and facilitate succession planning?
The Fair Work Ombudsman (FWO) has launched four practical guides to help businesses ensure every worker in their contracting networks is being paid fairly and appropriately. The guides follow the introduction of the Fair Work Amendment (Protecting Vulnerable Workers) Bill 2017 to Parliament in March.
The Australian Securities and Investments Commission (ASIC) warns that the introduction of some major new accounting standards will have the greatest impact on financial reporting since the adoption of International Financial Reporting Standards in 2005. In a recent media release, it urges directors and management to plan for these new standards and inform investors and other financial report users of the impact on reported results.
The Productivity Commission (PC) has released its long awaited final report on data availability and use which contains far-reaching recommendations on the future use of data. The report calls for a major change in governance structures around data — ‘changes that deal head-on with the fact that data is increasingly digital, revealing of the activities and preferences of individual people or businesses, and distributed widely in the private sector’