Keeping Good Companies articles from July 2005

Keeping Good Companies archives from July 2005

Risks in acquiring company businesses by takeover.(Key Issues: APPLIED CORPORATE GOVERNANCE)
July 1, 2005... Takeovers are high on the agenda for many companies looking to 'buy' growth. These companies need to be aware that while the outcomes can be attractive, a takeover that fails to address risk and governance issues can come at a very high...

The CEO's guide to IT value@risk.(NEWS AND VIEWS)
July 1, 2005... IT Governance Institute The board's responsibility for IT In today's highly competitive business environment, effective and imaginative use of information technology has the potential to transform enterprises and contribute to enhanced...

Privilege claims by in-house counsel coming under closer scrutiny.(NEWS AND VIEWS)
July 1, 2005... In-house counsel should be aware that the documents they create and over which they claim legal professional privilege will be increasingly scrutinised by the courts to determine if they justify the protection being sought. Although the...

Corporate social responsibility: the Jackson Inquiry and tsunami donations.(Medical Research and Compensation Foundation being investigated)
July 1, 2005... In 2001, James Hardie Industries Ltd established the Medical Research and Compensation Foundation (MRCF) to administer future asbestos-related claims against two former James Hardie subsidiaries. In 2004, David Jackson QC was commissioned...

New merger approval processes.(reintroduction of the Trade Practices Legislation Amendment Bill)
July 1, 2005... The Trade Practices Legislation Amendment Bill 2005 (TP Amendment Bill) was reintroduced into the Australian House of Representatives in February 2005, and is expected to be passed into law later this year. The Bill proposes sweeping changes to...

The new rules for selling to the Australian Government: what management needs to know.(procurement rules)
July 1, 2005... Businesses who sell to the Australian Government, and want to keep their competitive edge, need to know about the new procurement rules that took effect on 1 January 2005. The Commonwealth Procurement Guidelines (Guidelines) set out the rules...

Practical aspects of changes to the Trade Practices Act.(State Focus)
July 1, 2005... A number of major changes to the Trade Practices Act 1974 (the Act) are now before parliament. Some of these changes will have a substantial, practical impact for governance professionals. Trade Practices Legislation Amendment Bill (No 1)...

Hiring and firing: getting it right in 2005.(employment law)
July 1, 2005... It is essential to get the terms of the contract of employment right from the very start. The employment relationship which results from an agreement between an employer and employee is referred to as a 'contract of employment' or, more...

The proposal for an HIH scheme of arrangement: Who gets to share in reinsurance recoveries of Australian insurers?(insurance laws)
July 1, 2005... On 11 December 2004, an application was made for orders under s 411(1) of the Corporations Act 2001 (Cth) for the convening of creditors' meetings for the purpose of considering and, ultimately, approving a proposed scheme of arrangement by the...

Directors' notes of board meetings: risk or risk management?(NEWS AND VIEWS)
July 1, 2005... This article examines the practice of taking notes in preparation for and during board meetings. Note taking may help directors to show that they have discharged their duties properly, but it also creates risks that directors need to manage....

Development of a risk management framework: a case study.(Key Issues: RISK MANAGEMENT)
July 1, 2005... This article looks at developing effective risk management strategies for an organisation with particular reference to the following: * how to obtain organisational buy-in for an optimal risk management system that best fits the...