Governance News — 10 December 2013

On the back of a significant profit downgrade, QBE Insurance Group has announced that its chair, Belinda Hutchinson AM, will retire in March 2014. Meanwhile, the Australian claims that Westfield is restructuring as part of its succession planning. Also this week, a new study by Ernst & Young has found that the presence of women on boards accelerates board renewal and diversification.

In other news, chief executive officer divorce may have an impact on shareholders in at least three ways, according to Stanford University academics.

Meanwhile, the Australian Securities and Investments Commission (ASIC) has intervened in a Federal Court case in a move aimed at protecting creditors and enforcing the fiduciary duties of a liquidator…

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