I am delighted to announce that The Institute of Chartered Secretaries and Administrators has changed its name to The Chartered Governance Institute. You will often see the international Institute referred to as CGI Global.
Thursday 31 October saw the release of the Interim Report by the Royal Commission into Aged Care Quality and Safety — which provided some confronting and cautionary tales on the real consequences that can result from poor governance. The overall picture painted by the Interim Report was of a dysfunctional sector in need of comprehensive reform — including its governance processes.
A timely reminder that changes to ASX online forms and other ASX Listing Rule appendices will be effective from 1 December 2019.
Recently, the banking and financial royal commission made recommendations around remuneration to APRA. As a result of these recommendations, APRA issued a new draft prudential standard on remuneration (CPS 511) and asked for stakeholder feedback.