Tag: Corporate Governance
Investors launch class action on Fincorp collapse
Investors who lost more than $200 million in the collapse of Fincorp are taking legal action against a company set up to protect their funds.[MORE]
'Shonky operators' caught out by building laws
The Queensland Government says the building industry would be filled with "shonky operators", if not for strict rules and sanctions.[MORE]
Govt to consider tighter exec salary guidelines
The Government says it will consider an Opposition proposal to address high executive salaries.[MORE]
Telcos to be named and shamed for poor service
Poor performing telecommunications providers will be named and shamed in monthly reports, in a bid to improve customer service.[MORE]
Telstra's abuse of ACCC 'part of normal relationship'
Australia's competition watchdog is rejecting claims it is biased against Telstra.[MORE]
Govt has to legislate banks' wholesale guarantee: Oppn
The Federal Opposition says the Government will be forced to bring in legislation to back up its guarantee on banks' wholesale funding.[MORE]
Govt to crack down on financial rumour spreaders
The Federal Government is trying to crack down on people deliberately spreading false rumours about companies with the aim of driving down their share price.[MORE]
Rudd backs greater role for G20 in global economic action
Kevin Rudd has called for G20 countries to get a chance to play a stronger role in discussions on the global financial crisis.[MORE]
Govt puts tougher rules on credit ratings agencies
The Government has moved to tighten the operational rules for credit ratings agencies, requiring them to be licensed by, and report to, ASIC.[MORE]
PSA doubts Pillar jobs assurance
The Public Service Association (PSA) has rejected assertions that jobs will not be lost after the sale of the Pillar superannuation organisation at Coniston.[MORE]
Car rescue package won't protect industry: Opposition
The Government and Opposition are at odds over the announced $6.2 billion rescue package for the local car industry.[MORE]
Car industry welcomes Govt rescue package
Australia's car industry has welcomed the Federal Government's $6.2 billion investment plan to take the sector to 2020.[MORE]
Rudd unveils car industry rescue package
Kevin Rudd has announced a $6.2 billion car industry assistance package.[MORE]
ACCC looking to prosecute other price fixing airlines
The Australian Competition and Consumer Commission is hoping to prosecute more airlines over an international price fixing ring.[MORE]
Qantas fined $20m for price fixing
Qantas has been forced to pay $20 million in fines after being caught in a price fixing cartel with British Airways.[MORE]
Perpetual says outlook strong despite funds freeze
Fund manager Perpetual has told its annual general meeting the business outlook is strong, despite the freeze on redemptions on some of its funds.[MORE]
Bell Resources decision to be handed down
The Supreme Court in Perth will today deliver its decision in the nation's longest running corporate debt-recovery action.[MORE]
Proposed cartel laws threaten 10yrs jail for executives
Federal Assistant Treasurer Chris Bowen says executives could face 10 years in jail for forming illegal business cartels if a package of laws is passed.[MORE]
A case to raise taxes on the wealthy
While the income at which the top tax rate kicks in has risen steadily in recent years, it has not even come close to keeping pace with the salaries of many CEOs.[MORE]
Pratt case documents may be lost: Court told
Key documents in the criminal case against businessman Richard Pratt may have been lost.[MORE]
Opes Prime creditors meet
Creditors of the failed stockbroker Opes Prime still do not know when they will see any of their money.[MORE]
Bank accused of victimising pensioners
Consumer groups say pensioners and low-income earners risk losing large chunks of their income to disproportionately high bank fees.[MORE]
Joseph Stiglitz: The chuckling economist
Greed, pride, hubris and lack of trust: these basic vices rose through his analysis of the financial markets like warm swords.[MORE]
Independent monitor needed for ABCC: paper
A retired judge says the building industry watchdog should be subjected to greater external monitoring if it is to retain its coercive powers.[MORE]
Lehman boss grilled over $500m salary
US law-makers have grilled the head of Lehman Brothers demanding he justify some $US500 million ($694 million) he had earned since 2000, as well as huge bonuses sought for top executives even as the bank failed.[MORE]
