Governance News — 1 July: developments in Australia and overseas
Boards and directors
In a recent speech about ASIC’s expectations of directors, chairman Greg Medcraft focused on shaping a culture of compliance, lessons from Centro’s case and the gatekeeper role. Also on the podium, prominent director David Gonski has rejected the notion that a board role is suitable for someone wanting to slow down or cut back on their working hours.
In the US, Securities and Exchange Commission (SEC) chair Mary Jo White recently spoke about the role of directors as corporate governance ‘gatekeepers’. The New York Times reported on the speech and, in doing so, discussed a study on the behavioural effects of director conflict disclosures. Also in the US, NACD’s president and chief executive officer has offered some lessons for boards when ‘their sense of corporate good conflicts with resolutions advanced by specific owners’.
On the topic of gender diversity, a study has reportedly found that in Norway, board quotas for women have had ‘little effect’ beyond ‘placing more women on boards’, but has rebutted the argument quotas would lead to unqualified female appointees…
Click on the link below to read the rest of the Minter Ellison briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Minter Ellison
News from The Lawyer
Briefings from Minter Ellison
This page provides a link to all the relevant discussion papers.
Despite their prevalence, there has been some uncertainty in relation to the income tax treatment of earnout arrangements.