Keeping Good Companies articles from June 2004

Keeping Good Companies archives from June 2004

Anti-discrimination in the boardroom: removal of age restrictions on directors.(State Focus)
June 1, 2004... The Corporations Act 2001 was amended in April 2003 by the removal of s 201C, which essentially provided that company directors over the age of 72 years were not permitted to sit on the board of a company unless they presented themselves for...

Helping and harming: the impact of the legal and regulatory environment on the third sector.(Applied Corporate Governance)
June 1, 2004... * How can laws and regulations encourage and strengthen a strong third sector? * The laws and regulatory environment in Australia today that fail the third sector * The challenge of drafting a single piece of legislation for...

Sustainability and convergence of business assurance.(State Focus)
June 1, 2004... Prior to October 2003, there were no visible problems at the National Bank of Australia (NAB). As at May 2004, the bank and its board of directors were besieged by the outpouring of non-converged governance and compliance matters that had...

CLERP 9 and the ASX Corporate Governance Council's recommendations.(Company Secretary)(Corporate Law Economic Reform Program)(Australian stock exchange)
June 1, 2004... * The impact on business of the recommendations * Legislative reforms: the impact of CLERP 9 * Future directions: interventions from ASIC and the ALP The ASX Corporate Governance Council (ASXCGC) recommendations (1) have become the...

Factoring success into risk management strategies.(News And Views)
June 1, 2004... Cash flow is the lifeblood of any company and so it stands that irregular flows of finance can spell potential disaster for a company that fails to implement the systems and processes necessary to maintain a healthy flow of funds. For many...

The Spam Act is here.(Management)
June 1, 2004... * The risk management issue of ignoring compliance with the Spam Act * The main terms of the new legislation * Ensuring compliance with the Spam Act In this electronic age, companies rely more and more on computer systems and...

Pursuing profit, productivity and philanthropy: the legal obligations facing corporate Australia.(News And Views)
June 1, 2004... * The Corporations Act provides Australian companies with the power to make charitable donations * Such donations must be in compliance with the laws dealing with directors' duties * Directors of companies are subject to fiduciary as...

Corporate governance and information technology.(Risk Management)
June 1, 2004... * The risks inherent in IT procurement processes * How to identify the risks * The importance of clearly drafted contracts The outsourcing dinosaur is dead. Well, not completely. Full-scale outsourcing may not have disappeared...

Directors' personal liability: trusts carry greater risks.(Superannuation Law)
June 1, 2004... * Personal liability of directors of trustee companies * Controversial decision in Hanel v O'Neill and s 197 of the Corporations Act * Potentially greater risk than for directors of non-trustee companies Directors of corporate...

Equivocal changes proposed for corporate loss rules.(Taxation Law)
June 1, 2004... * The proposed restriction to limit the range of companies that can rely on the same business test * Relaxing the continuity of ownership test and its inapplicability to most companies * Determining which companies can use the new...

Telephone campaigns: stimulating shareholder awareness and response.(News And Views)
June 1, 2004... As many Company Secretaries and investor relations practitioners know, the steady increase in capital-management programs, together with heightened corporate governance and risk-management requirements, has seen a marked change in the ways...