Each year the Board of your company is required to consider and (hopefully) approve the annual report, including the financial statements. Governance Institute of Australia has prepared a best practice guide for companies to assist them in this process, including sample minutes for the requisite actions. While the guide can …
How Effective Is Your Board’s Current Decision Making Strategy
Monday, December 2, 2013Most boards have some members who are “coasting” through the meetings. That is, they rarely contribute, seem to vote with the majority, and don’t really add value to the decision-making process. A strategy to engage these members is the subject of an article by Corrinne Armour (see link: http://betterboards.net/governance/enabling-decisions-board-table/ ). …
Informality in Board Meetings No Longer Acceptable
Monday, November 25, 2013Corporate governance in Australia has been impacted significantly in recent years as a result of the James Hardie (and associated) legal case. It all stems back to 2001 when the (then) board of James Hardie approved an ASX announcement that was subsequently found to be misleading. ASIC prosecuted, and the …
Governance Lessons From the Essendon Football Club Experience
Monday, November 18, 2013As a pause occurs in the media frenzy surrounding enquiries into the activities of the Essendon Football Club (EFC), we have an opportunity to reflect on what lessons can be learned. By way of refresher, during 2013 the medical practices of the EFC were investigated in light of allegations some …