As the horror stories of unconscionable conduct continue to unfold in the third round of the Hayne Royal Commission, shareholders – institutional and retail – have a pivotal role to play in restoring trust and confidence in the financial services sector
Governance Institute has today lodged a submission to Treasury raising concerns about the application of the ASIC Supervisory Cost Recovery Levy Act 2017 (Cth) and associated regulations to companies limited by guarantee that are also registered charities with the Australian Charities and Not-for-profits Commission (ACNC).
Governance Institute of Australia is urging institutional investors to keep up the pressure on AMP to ensure that its new leadership – including incoming Chairman David Murray, acting Chief Executive Officer Michael Wilkins, a new Chief Executive Officer and incoming directors – set about the daunting task of a vigorous renewal of governance and risk management practices.
Today’s announcement of the resignations of Vanessa Wallace and Holly Kramer from the AMP Board, following that of Board Chairman Catherine Brenner last week, and the expected year-end departure of Patty Akopiantz signals the board is appropriately taking responsibility for the governance failures of the company.
Governance Institute Welcomes ASX Corporate Governance Council Consultation on 4th Edition of Principles
As a founding member of the ASX Corporate Governance Council, Governance Institute welcomes today’s release of the Review of the ASX Corporate Council’s Principles and Recommendations for consultation.