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.
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.
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.
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.
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).