Why boards fear the Hayne pain
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It seems certain the Hayne inquiry will change the face of governance in Australia just as the global financial crisis changed the shape of banking regulation in Britain and North America.
It seems certain the Hayne inquiry will change the face of governance in Australia just as the global financial crisis changed the shape of banking regulation in Britain and North America.
The prevailing wisdom among the denizens of the directors' club is that Glenn Stevens absolutely dodged a bullet back in 2017 when he turned down a seat on the CBA board.
The CBA board led by David Turner approved $14 million in bonuses to 12 executives in just 10 minutes, only a small fall on the past year, despite dozens of scandals.
Chris Ellison's Mineral Resources has struck deal to sell a half share in its Wodgina lithium project to battery metals giant Albemarle for $US1.15 billion
The fallout from the fees for no service scandal continues as Westpac CEO admits records are so bad he doesn't know how much he has to repay.
Labor will subsidise household batteries, underwrite clean power, and keep alive the option of a NEG, in order to reduce emissions and ward off a Coalition scare campaign.
The current pricing of property development company Stockland increasingly reflects a "credit crunch" scenario for Australia's housing market.
Former CBA chairman David Turner refused to return 40 per cent of his director's fees when asked by the board, a demand that was never made public, the banking royal commission has heard.
Gas pipeline owner APA Group has promptly resumed a chase for a $4 billion acquisition in the US after the government's vetoing of Hong Kong suitor CK Group's $13 billion takeover.
BHP says it has learned from its past errors and is now spending its money more wisely.
Wesfarmers shareholders are slightly in front after Coles' first day as a stand-alone listed company.
Woolworths says planned cutbacks in capital spending will help lower household food bills because it will have more money to cut prices.
Orders to US factories for big-ticket manufactured goods fell by the largest amount in 15 months.
Economists advocating for a review of the RBA's inflation target have been vindicated by the Bank of Canada's acknowledgement that its own targeting regime is "not perfect".
Australia is well placed to lower the jobless rate even further. But it is threatened by those who don't understand this success.
Apple's downbeat sales outlook is shaping up as a turning point for markets, with one fund manager calling it a "flagship event".
Australian shares closed lower on Wednesday despite rallying from a near two-year low earlier in the session, as energy and material stocks weighed.
The prevailing wisdom among the denizens of the directors' club is that Glenn Stevens absolutely dodged a bullet back in 2017 when he turned down a seat on the CBA board.
The rejection of CK Group's $13 billion bid for gas pipeliner APA Group leaves CEO Mick McCormack feeling like he has recovered a job he never actually lost.
The Liberal-Nationals have to stand and watch as the economy hands Labor an undeserved win
Rowena Orr hit Catherine Livingstone with the sensational suggestion that the bank had failed to meet its statutory obligations under the Corporations Act by not keeping accurate minutes from its board meetings.
Scott Morrison says India offers the greatest opportunity for Australian businesses looking to break into new markets.
The nation's 3000 largest businesses will be forced pay their bills to small and medium enterprises within 20 days as a condition of future government contracts.
Victorian Liberals are running hard on a scare campaign over secret Labor taxes as cheap shots and gimmicks are deployed ahead of Saturday's state election.
Federal energy minister Angus Taylor says investors must expect the ompanies they invest in to "do the right thing" by their customers.
Former Labor president Warren Mundine considers running for the Liberals in the ultra-marginal NSW seat of Gilmore - but he's also in talks with the Liberal Democrats for the Senate.
The European Commission has recommended launching a sanctions procedure against a defiant Italy over its budget deficit.
The White House has slammed China's increasingly frequent and sophisticated use of cyber attacks, adding weight to revelations in Australia this week.
India is fighting the clock to train the three in every four college-going youngsters who don't have access to formal tertiary education.
The US President has provided the special counsel with written answers to questions about his knowledge of Russian interference in the 2016 election.
Brussels wants to help EU member states get tough on "opaque state-owned enterprises'" snapping up European tech firms and infrastructure.
There were probably no conflicts of interest but the problem was in perception of conflict.
Reserve Bank Governor Philip Lowe says workers 'don't feel happy' nor confident about their future prospects despite unemployment levels in many major economies being lower than they have been in decades.
Stock investors have had a great run in recent years, but with cash now offering positive inflation-adjusted returns, it may be wise to dial back on risk, according to Goldman Sachs.
CBA promoted the head of the scandal-ridden retail bank to CEO because no external candidate would have been immune from a regulatory scandal, chairman Catherine Livingstone says.
Contractor Tandem, which is backed by industry fund-owned IFM Investors, faces $400 million class action for allegedly underpaying thousands of technicians through sham contracts.
Harold Mitchell has resigned as chairman of industry lobby group Free TV amid the fallout over allegations brought against him by the corporate watchdog.
The structure of the CBA makes the chief executive the lynchpin who has to make the trade-offs.
Sir Ian Botham's wine company, which is backed by a former CEO of Accolade Wines, has struck distribution deals with Woolworths.
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