How To Network Your Way To Your Next Board Appointment
It's not what you know - It's who knows what you know!
Linking Corporate Governance And Financial Analysis
The interplay between the role of the boards of companies (or other organisations) and the financial performance of these organisations is critical for the success or otherwise of these enterprises and their management.
Business Structuring - Don't Have A Fit!
There are many important things to consider when it comes to the structuring of a business. The structure impacts on not only the business, but the owners as well. The types of entities employed and the ownership of those entities can have far-reaching implications that extend beyond just income tax. Those implications include stamp duty, capital gains tax and pension planning to name just a few.
Corporate Trustees A Must For A Self Managed Super Fund - Part 2
This article examines the practical aspects of choosing this type of trustee.
Making The Most Of Compliance Committees
Compliance committees are an important element of the regulatory platform on which retail managed investment schemes operate. The Corporations Act 2001 sets out the functions, responsibilities and composition of scheme compliance committees at a general level.
Trustee/Director Of A Corporate Trustee - Are You Liable?
For some time, trusts have been a widely used vehicle for carrying on a business, particularly a small or medium-sized privately owned business. This is because a trust structure can provide business proprietors with a number of important benefits, like tax and ‘asset protection’ advantages.
Taking Care Of Your Trusts
So you have gone to the trouble of establishing trust structures, but are you looking after them properly? Trusts are generally robust, but because they can endure for 80 years, they need to be regularly revisited to ensure they continue to meet the purpose for which they were established and comply with best practice.
Corporate Trustees A Must For A Self Managed Super Fund - Part 1
In this article we will examine issues surrounding the trusteeship of a Self-Managed Super Fund (SMSF) and why we believe a corporate trustee has some advantages over individual trustees. Each SMSF is different and as such the appropriateness of the trustee needs to be continually reviewed.
Protect Yourself: A Director’s Personal Liability
Are you a company director? Did you know that you could be held personally liable if your company has a withholding tax debt? Do you know what a '222 Notice' is? Read on to learn about section 222AOE of the Income Tax Assessment Act, and how to protect yourself from liability.
A Fresh Look At External Audit
Audit is an important component of business corporate governance and the
risk management process, and can add real value to any organisation.
Working Towards A Compliance Program
Compliance is an important part of risk management. Risk management fits under the umbrella of corporate governance. Simple stuff really.
Company Directors – Know Your Obligations And Duties
The Australian Securities & Investment Commission (ASIC) has outlined the legal obligations of small companies, directors and secretaries. Please find below answers to some of the key questions surrounding companies and the responsibilities of directors.
Corporate Governance & Small Business
The ASX has defined corporate governance as “the system by which companies are directed and managed. It influences how the objectives of the company are set and achieved, how risk is monitored and assessed and how performance is optimised.”
Corporate Entrepreneurship And The Ethic Of Continuous Value Creation
The spiritual core of renewable corporate entrepreneurship is an ethic of “continuous value creation.”1 It is an ethic of continuously seeking creative new ways to add value to the world – i.e., to make a genuine contribution. The mindset is profoundly visionary, creative, and contributory.
Governance - A Pocket Guide For Directors And CEOs
The guide is not intended to be a legal treatise – there are many technical works dealing with the responsibilities of directors and CEOs. Rather, the aim is to provide an outline of the key issues which will assist directors and CEOs in their role in the organisation.
Emebedding Ethics Into Your Strategic Plan
Strategic planning is a powerful tool to provide a focus for the few key things that an organisation must do in the next few years. Strategic planning must also be able to add value to the activities of that organisation.
The Power Of Conscious Strategy: Strategy Setting For Boards
One of the key governance roles of a Board is to ensure that strategy is approved and regularly monitored, and that the Board consciously oversees the implementation of that strategy. The role of the Board in strategic planning is not to write the strategic plan, but to approve the strategic plan and monitor the implementation of the plan.
There Is More To Tax Than Income Tax
Have you recently reviewed your businesses superannuation, employment taxes, or GST payments? Most businesses devote proper attention to ensuring that income tax is calculated to maximise savings. However, for many businesses the same consideration is not given to employment taxes, GST, or superannuation contributions and this has the potential to result in miscalculations and heavy penalties.
Ten Key Financial Reports For Directors And CEOs
Receiving key financial information on a regular basis allows directors to keep their fingers on the pulse of the business. Directors and CEOs can be either overloaded with paperwork and reports or concerned that they are not getting enough information to satisfy their obligations and perform their duties fully.
Win Respect, Earn Loyalty
Loyalty, like respect, can’t be bought. It is earnt.
The Privacy Implications Of SMS Spamming And Spoofing
Apart from the reference to SMS (text messages sent to and from mobile phones) in the Privacy Commissioner’s Guidelines to the National Privacy Principles, the current regulatory arrangements do not particularly address the unique features and limitations of SMS as a marketing medium.
Loyalty And Ethics In The Corporate Scene: A Challenge of Values!
If loyalty was the last corporate casualty of the 20th century then, for many, ethics looks like being the first casualty of the 21st.
The Emerging Role Of Board Remuneration Committees
Recent business failures have focused the spotlight on Board remuneration committees. At least some of this focus was generated when it became public knowledge that executives of failed companies such as HIH, One.Tel and Ansett enjoyed healthy remuneration packages (and in some cases, performance based incentives) in the period prior to the collapse.