The Federal Government should move swiftly to establish a three-year funding arrangement for the Australian Securities and Investments Commission (ASIC) as part of its response to the Murray Inquiry, Governance institute of Australia said yesterday
Much has been said, written and debated about how gender balance can be better achieved in Australia’s C-suites and boardrooms. But what can women personally do to fast-track their own C-suite aspirations and what can organisations do to support them on this journey?
Governance Institute of Australia is calling on the Federal Government to abandon legislation introducing the requirement for one-third of superannuation fund boards to comprise independent directors, arguing that the process has become overly politicised to the detriment of genuine governance outcomes.
Governance Institute of Australia has called for more thorough consultation on the Federal Government’s proposals for industry funding of the Australian Securities and Investments Commission (ASIC). While Governance Institute supports an industry-funding model for the corporate regulator in principle, the lack of detail about how it would work, how it will benefit the market and any analysis of possible alternatives in the consultation paper Proposed Industry Funding Model for the Australian Securities and Investments Commission make it impossible to determine if this is the best option, it has told Treasury.