News & updates

Month: Mar

  • Options for cutting red tape for charities

    08/03/2016

    A key function of the Australian Charities and Not-for-profits Commission (ACNC) is to help reduce the regulatory burden on the Australian not-for-profit sector. To achieve this, the ACNC has embarked on a research program to measure the red tape burden on charities and identify target areas for red tape reduction.

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  • Should proxy advisory firms recommend limits on board committee roles?

    08/03/2016

    Board committees exist within all types of organisations across all sectors and serve all manner of functions within those organisations. As a general guide, most companies will be required to have as a minimum committees dealing with some of the core functions of the organisation, such as audit, risk, nomination and remuneration.

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  • ASIC focuses on culture

    08/03/2016

    When ASIC first made it clear that it intends to focus on culture in companies, critics noted that in order to explain the cultural framework of a company, it would need to send ASIC all the policy manuals; all the standard operating procedures; a description of all the roles; charts of the organisational structure which show the limits of roles and relationships within the firm and a psychiatrist’s report on the CEO and executive team’s behaviour.

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  • ACNC’s continuation confirmed

    08/03/2016

    The charities sector has welcomed the announcement from Ministers Christian Porter and Kelly O’Dwyer that the Federal Government will support the continuation of the Australian Charities and Not-for-profit Commission (ACNC). Previously the government had said it would disband the ACNC, causing uncertainty in the sector as to its regulatory framework and hampering efforts to reduce red tape. 

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  • Is it the end for voting on a show of hands?

    08/03/2016

    Given the importance of ensuring that all shareholders are provided with the opportunity to vote on resolutions, it is advisable for votes not to be held on a show of hands, say key stakeholders, given that the shareholders present at the AGM represent a tiny portion of the total shareholders. 

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  • Top five compliance trends

    08/03/2016

    Thomson Reuters has published Top 5 Compliance Trends Around the Globe in 2016, which shows that promoting a culture of integrity; keeping pace with intensified regulator attention and reach; monitoring third-party risk; encouraging whistleblower activity; and increased investment in compliance operations are the focus of businesses around the world.

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