Company directors are six times more likely to be hit by lightning than to be prosecuted under our liability laws, writes Adam Schwab.
Australian Institute of Company Directors
Golden handshakes limited by legislation, CEOs unimpressed
Despite the Federal Government’s gold handshake legislation merely giving shareholders the right to veto large payouts, CEOs were unimpressed.
Rudd’s good deed on golden handshakes
The Federal Government appears to be taking a solid first step towards reducing executive largesse.
Insider trading, coming soon to a boardroom near you?
The Australian Institute of Company Directors has hit out strongly at claims that directors have been “insider trading”, writes Adam Schwab.
The push to weaken director’s liability continues
The push to weaken director’s liability is continuing, with former high-profile director, John Ralph, telling the AFR that he wouldn’t join company boards if he were retiring today. Ralph stated that “it seems a lot more fun to go into private equity where you can just get on with things.”
ASIC boss wants softer line on director liability
ASIC boss Tony D’Aloisio implied to the Australian Institute of Company directors yesterday that the Australia’s corporate regulator may take a softer line on director liability, writes Adam Schwab.
