How can our major institutions, particularly from the banking and finance sector retain their corporate legitimacy? What role should their boards be playing?
ABC staff call for chairman Justin Milne to step aside at a meeting on Wednesday.
Joel Carrett/AAP
The corporate sector owes David Murray a debt of gratitude for starting a debate about ASX governance rules that lead boards to delegate matters that are properly their responsibility.
New AMP chair David Murray’s prescription for corporate governance doesn’t acknowledge the structural drivers of systemic misconduct.
Joel Carrett/AAP
Evidence to the Banking Royal Commission points to the systemic failings of corporate governance built on the idea of shareholder primacy. It’s time to rethink the unitary board system for a start.
The royal commission has left AMP with a lot of explaining to do, much of it related to how performance targets drove poor behaviour.
Daniel Pockett/AAP
Pressure to meet ever-higher performance targets can lead to misconduct of the sort exposed by the royal commission. Targets need to operate within a framework of ethical governance to avoid this.
AMP Chair David Murray says it should be harder for shareholders to start class actions.
AAP
In choosing not to impose restrictions on bonuses and commissions, the government left untouched the incentives for inappropriate financial advice and lending decisions.
Executive pay is an issue that often causes public uproar. But it’s not as greed-driven as we might think.
Razvan Chisu/Unsplash
High CEO compensation angers the public, particularly when it doesn’t seemed tied to performance. But as a whole, trends in executive compensation are consistent with fundamental economic forces.
It’s the government’s responsibility.
David Dibert / Unsplash
Corporates are willing to embrace corporate social responsibility initiatives. But many fail due to cultural insensitivity and misplaced communication strategies.
Men’s dominance in the boardroom has barely changed over the years.
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The share of board seats held by women varies dramatically across the country, from none in Alaska to close to half in New Mexico. A few key policies may make all the difference.
Steinhoff’s former CEO, Markus Jooste, is partly blamed for the corporate scandal that threatens to collapse the company.
Financial Mail/Jeremy Glyn
Gaps in the two tier board structure which is favoured in Europe may be partly responsible for the Steinhoff corporate scandal.
ANC President Cyril Ramaphosa celebrates the party’s 106th anniversary with its deputy general secretary Jesse Duarte and president of South Africa Jacob Zuma.
Reuters/Siphiwe Sibeko
Its been 13 years since Mauritius introduced codes of corporate governance for listed companies with mixed results. Its experience is useful for other developing countries looking to do the same.
Associate Dean, Research and External Relations; Executive Director, Madden Center for Value Creation; Phil Smith Professor of Entrepreneurship, Florida Atlantic University