Today
Fines to quintuple for badly behaved accountants
Chartered Accountants ANZ members voted to increase the maximum fine for firms from $50,000 to $250,000 to rebuild the sector’s image.
- Edmund Tadros
This Month
New Bendigo chairman not giving up on Queensland dream
David Foster, a former boss of Suncorp Bank, has taken the chairman’s seat at Bendigo and Adelaide Bank, and remains keen to grow in regional Queensland.
- James Eyers
Super fund CEOs put ASX on notice over workplace conditions
Industry super funds are using their $3.5 trillion asset pool to influence companies on decent work conditions, secure contracts and banning sexual harassment.
- Updated
- Hannah Wootton
Whitehaven flirts with strike after BHP deal ‘gamble’
A US institutional investor has joined activist fund Bell Rock’s campaign to give the Whitehaven board a black eye at Thursday’s AGM.
- Paul Smith
- Exclusive
- Activist investing
Dan Loeb to headline Sohn Hearts & Minds
The famed hedge fund manager has built a reputation as a fierce shareholder activist and his brutal letters to management have become legendary on Wall Street.
- Jonathan Shapiro
- Opinion
- Opinion
There’s good reason shareholders seem angrier this year
As boards come face-to-face with shareholders during AGM season, there’s a mix of old and new battles being fought.
- Jonathan Shapiro
Magellan to challenge Bolton push for a vote
Magellan wants the courts to decide whether activist Nick Bolton can call a meeting of unitholders in its $2.65 billion closed end fund.
- Jonathan Shapiro
ASX board narrowly avoids second strike, chairman re-elected
ASX receives heavy protest vote against its remuneration report, missing a second strike by just 4 per cent. Damian Roche re-elected as chairman for last term.
- James Eyers
Brad Banducci on Qantas investors’ wishlist for chair
Woolworth’s share price has doubled since Banducci took the reins, beating ASX 200’s 45 per cent rise over the same period.
- Sarah Thompson, Kanika Sood and Emma Rapaport
ASA calls for ASX chairman to step down within a year
The Australian Shareholders Association wants ASX chairman Damian Roche to commit to a succession plan and threatens to vote against his re-election at the AGM.
- James Eyers
CEOs ignore public and shareholders on Voice
Corporate Australia’s support for the Voice, including multimillion-dollar donations from shareholder funds, jarred with the 61 per cent who voted against it.
- John Kehoe
‘Not going anywhere’: Goyder meets AFL chiefs after Qantas retirement
Days after putting in place his retirement plans at Qantas, Mr Goyder will convene the AFL Commission on Monday. He is expected to tell club bosses he will stay in the job for another two years.
- Mark Di Stefano and Patrick Durkin
Australia’s most powerful directors revealed
As AGM season kicks off, the BOSS index of the country’s most influential board members reveals the era of the all-dominating chairman may be coming to an end.
- Updated
- Patrick Durkin
Sayers wanted to sell PwC’s consulting business for $1b
Luke Sayers was so worried about the conflicts at PwC that he spearheaded a secret push to float the firm’s local consulting business.
- Edmund Tadros
- Opinion
- Chanticleer
Richard Goyder finally goes, with one vital task to come
The Qantas chairman finally got the message. But by retiring now, and sticking around for another year, he can help stabilise the company and find a new chairman.
- Updated
- James Thomson
CSL ‘never going to be a dividend stock’ says chairman amid pay outcry
“None of us like the share price dropping,” CSL chairman Brian McNamee has told the AGM.
- Patrick Durkin
RBA report card cuts ASX grades on CHESS governance
The Reserve Bank has ordered ASX to “redouble its efforts” to improve risk management culture and flagged concerns about its internal audit functions.
- James Eyers
Defamation laws – not ASIC – are the biggest concern: short sellers
Active and retired short sellers say defamation laws are a bigger threat than an overzealous regulator after Viceroy’s Gabe Bernarde detailed his ASIC raid.
- Jonathan Shapiro
This analyst shorted Wirecard. Then ASIC raided his house
After a two-year tussle, Viceroy Research’s Gabriel Bernarde opens up about how the corporate regulator came to his home as it cracked down on activist investors.
- Jonathan Shapiro
KPMG, EY and Deloitte: We already have the PwC reforms in place
PwC Australia’s rivals claim to have superior governance structures that mean they don’t need to emulate the sweeping changes at the embattled firm.
- Edmund Tadros
