The corporate veil, traditionally friend of directors and foe of outsiders, may have turned double agent.
- Associate Professor - Department of Accounting and Corporate Governance, Macquarie University
As investors and unsecured creditors remain in limbo over the collapse of financial services group BBY, where were the regulators?
The Australian Institute of Company Directors (AICD) is pushing for reforms allowing directors to rely on honest and reasonable conduct as a defence against company liability. The AICD believes this new…
Commonwealth Bank of Australia chief Ian Narev has apologised for breaching customer trust after evidence emerged of serious misconduct by the bank’s financial planning arm, Commonwealth Financial Planning…
A senate inquiry has called for the Commonwealth Bank (CBA) and Australia’s corporate regulator, the Australian Securities and Investments Commission (ASIC), to be investigated by a Royal Commission. The…
Retailer David Jones has found itself in the middle of ongoing market intrigue since last year, spurred on by a merger approach from Myer. The advance was rejected without shareholders being made aware…
Credit makes us and credit breaks us – ancient Roman debtors cut into pieces by their angry creditors under the law of the Twelve Tables knew it, as does ASIC, tasked with regulating the many mortgage…
An overwhelming proportion of investors want the introduction of a rating system to identify poorly governed companies, according to a new survey. And over 80% of those polled said they would stay away…
The idea that red tape is one of the most pervasive and damaging problems afflicting businesses has reached mythical stature over the years. And no doubt the Abbott Government sees it that way too, with…
The Australian Securities and Investments Commission has called for more powers, including a broadening of the definition of “whistleblower”, in a paper defending its role as the corporate watchdog. ASIC’s…
Insurance infomediary iSelect lost its chief executive this week, just four months after the company went public, and less than two years into the role. iSelect blamed the resignation on a “difference…
Newcrest’s recent investigation by the corporate regulator into whether it breached its continuous disclosure obligations has no doubt proven a salutory lesson for listed companies as this reporting season…
On the face of it, the banning of seven financial planning advisers and $50 million worth of compensation paid to burnt investors would be considered a good outcome for our corporate regulator. But the…
In a fragile world and with a particularly fragile share market, Australia’s corporate regulators have seen their role in policing the area of continuous disclosure multiply. Disclosure requirements are…
Which one of the following from last century’s corporate office is still around – blotting paper, carbon paper, telex machines, dictation machines, Sellotape, red tape? Well there is some Sellotape to…
Investor confidence is an obvious imperative of corporate legislation. Section 674 of the Corporations Act, which requires disclosure of information concerning securities that is not generally available…
It’s been an interesting time for Australia’s corporate watchdog. Financial manoeuvres by Gina Rinehart and James Packer, which saw them increase their holdings in Fairfax Media and Echo Entertainment…
Fairfax Media Ltd’s constitution enables the board to allocate board places in addition to the existing directors up to the maximum number of directors allowed in the constitution - not more than 12 unless…
Takeovers are about control. Gina Rinehart’s acquisition of Fairfax Media Limited shares] - and increased stake in the company - has raised several questions about the nature of control in listed companies…
Contact Michael for
- General
- Media request
- Speaking request
- Consulting / Advising
- Research collaboration
- Research supervision
- Website
- Article Feed
- Joined
