Governance News — 29 January 2014

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Australian boards need more technology and innovation expertise, argues the founder and chief executive officer of a social media monitoring company. Meanwhile, Qantas pilots are reportedly calling for the airline’s board to fill general Peter Cosgrove’s non-executive seat with one of their own.

Across the waters, New Zealand directors potentially face new risks, with the New Zealand Supreme Court holding that the directors of a company were not entitled to sue on their directors and officers (D&O) policy for their defence costs, in priority to the plaintiffs who were suing them.

Also this week: the 2020 Women on Boards third annual Gender Diversity Index of Fortune 1000 Companies shows that ‘women continue to make steady gains in the boardrooms of Fortune 1000 companies’; US healthcare services and information technology company McKesson (currently ranked 14th on the Fortune 500) announced the first phase of changes to its corporate governance and compensation practices ‘based on shareholder engagement’; and prominent US lawyer David Katz explored the issue of managing confidentiality in the boardroom and beyond…

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