Newsletter
Year: 2018
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Guidance on director induction processes updated to include the chair
Read moreWhile the induction process for a newly appointed chair does not differ significantly from the process for inducting newly appointed directors, there are additional matters to be considered when a new chair is appointed which take into account the different role which the chair has to play in a company.
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ASIC’s tips on climate risk management and disclosure
Read moreStrong corporate governance facilitates better information flow within a company and facilitates active and informed engagement and board oversight when identifying and managing risks such as climate change.
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NSW charities to enjoy a ‘report once’ system
Read moreRegistered charities incorporated as associations in NSW will have their administrative burden cut, thanks to a new agreement signed by NSW Fair Trading and the Australian Charities and Not-for-profits Commission (ACNC).
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Banking royal commission interim report highlights greed and unethical behaviour
Read moreThe highly anticipated interim report from the banking royal commission was released on Friday. This report covers policy related issues arising from the first four rounds of hearings. Additional topics, including superannuation and insurance, will be covered in the final report due by 1 February 2019.
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Regaining trust in a post royal commission world
Read moreThe victims at the heart of the cases raised at the Hayne royal commission might consider it an understatement to conclude there is a need for greater levels of professionalism in the financial services sector. Indeed, as the results of our recent Ethics Index show, there is much work to do if the financial services sector is to regain the trust of its customers.
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Draft legislation to combat illegal phoenixing released
Read moreThe government has released draft legislation for consultation aimed at deterring and disrupting illegal phoenixing and punishing those involved in this behaviour more harshly. Phoenixing occurs when the controllers of a company strip the company's assets and transfer them to another company to avoid paying taxes, creditors and employee entitlements.