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Governance

This Month

Assistant Treasurer Stephen Jones.

No easy fix on ASIC code of conduct breaches: Jones

Assistant Treasurer Stephen Jones hints a resolution to a “gap” in ASIC’s code of conduct processes is one of dozens of issues on Treasury’s agenda.

  • Ronald Mizen
Mineral Resources boss Chris Ellison.

Billionaire MinRes founder slams critics over balance sheet

Chris Ellison has blasted his critics and talked up iron ore after moving to limit production from one of the world’s biggest lithium mines.

  • Brad Thompson
Industry experts back Paul Keating’s predictions for the super industry.

Keating ‘on the money’ on super funds appointing directors

It is a “logical next step” for industry superannuation funds to seek roles on listed company boards, industry experts say, especially in the energy sector.

  • Hannah Wootton
The ACCC and Australian Competition Tribunal came to different conclusions on key tests involved in reviewing mergers.

ACCC undone by ‘double negative’ in merger analysis

Lawyers said ANZ’s win will create a strong precedent, and also shows the importance of the tribunal continuing to have a role conducting merger reviews.

  • James Eyers
Former ASIC deputy Karen Chester and former chairman James Shipton.

Trouble at the top: When ASIC went to war with itself

The struggles between ASIC officials made it hard for the government to find a new corporate law enforcement chief.

  • Aaron Patrick, Patrick Durkin and Ronald Mizen
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Former ASIC deputy Karen Chester and former chairman James Shipton.

At ASIC, a noon showdown killed any chance of peace

Ex-ASIC chairman James Shipton desperately wanted to avoid the meeting with his deputy that was exposed on the front page of the Financial Review.

  • Aaron Patrick, Ronald Mizen and Patrick Durkin
ASIC Chair Joseph Longo questioned about the AFR report during an estimates hearing at Parliament House in Canberra on Thursday 15 February 2024.

Gaps in stopping ‘unacceptable’ conduct at ASIC, chair warns

ASIC chairman Joe Longo says the conduct of statutory appointees raises “significant and potentially sensitive policy issues”.

  • Patrick Durkin, Ronald Mizen and Aaron Patrick

ASIC deputy told chairman she could have ‘destroyed’ him

Karen Chester raised allegations about her boss James Shipton in a private meeting, then asked him to lobby business figures to help her get his job.

  • Aaron Patrick, Ronald Mizen and Patrick Durkin
Company directors expect more staff will begin to return to the office in coming months.

More staff expected back in office: Lendlease, Seek, SBS chairmen

Senior directors are predicting an increase in office attendance the coming months as benefits of spending time in the workplace increase for workers.

  • Sally Patten and Patrick Durkin

‘Cuts to follow hiring freeze’: directors warn on job market shake-out

Leading company directors are predicting a shake-out in the job market this year as wages and price pressures bite and business looks to make cost savings.

  • Patrick Durkin and Sally Patten

Timing is everything for Ross McEwan, banker for all seasons

After four years at NAB, the businessman has called it quits. His path to the top job took him from the bank’s major competitor, CBA, to Scotland and back.

  • Jonathan Shapiro
New NAB CEO Andrew Irvine in the bank in Melbourne on Wednesday.

Andrew Irvine sold himself as the new sheriff in town. Now he runs NAB

The executive arrived during the pandemic with a mandate to overhaul the business bank. The big move has been a success. But the harder work is just beginning.

  • James Eyers and Lucas Baird
NAB’s Andrew Irvine will become the new CEO on April 2.

New era at NAB: Andrew Irvine primed to take the fight to CBA

Ross McEwan will stand down as NAB chief executive on April 2. His successor is ready to maintain the momentum.

  • Updated
  • James Eyers and Lucas Baird
Did Elon Musk need tens of billions of dollars in pay to motivate him to perform better at Tesla?

Elon Musk pay ruling will have venture capital firms worried

It’s hard to justify a judge interfering in a commercial bargain, even if it turns out to be more advantageous to one side than the other.

  • Karen Maley
Assistant Treasurer Stephen Jones has yet to sign off on the rules.

Banking regulators confirm delay of executive accountability rules

ASIC and APRA say they will delay the enforcement of key parts of the regime, which came out of the Hayne royal commission, until July.

  • James Eyers
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Banks hoped Stephen Jones would release the final rules on FAR last October, to give them time to prepare.

Bank executive accountability rules delayed as minister goes slow

A key change out of the Hayne royal commission was due to begin in March, but the final rules have been waiting for sign off from the government for months.

  • James Eyers
Elon Musk is mooting moving Tesla operations to Texas after a Delaware court invalidated his $85 billion pay packet.

Musk to move Tesla to Texas after failed bid to pay himself $85b

A Delaware judge threw out Elon Musk’s bid to pay himself $85 billion, saying it was unfair to shareholders. Now Musk wants to shift Tesla’s incorporation.

  • Shubham Kalia and Maria Ponnezhath
Michelle Gass

CEO succession needs a shake-up

It’s the most important job corporate boards have, and all too often they fail miserably.

  • Beth Kowitt
Delaware judge Kathaleen McCormick is set to rule soon on a fee award to lawyers representing plaintiffs.

Winning lawyers in Musk’s $83b pay dispute in line for fee bonanza

The Delaware court could pay the firm up to one-third of the ‘benefit conferred’ by the ruling – in other words, how much value was restored to shareholders.

  • Sujeet Indap
Robyn Denholm, James Murdoch and Elon Musk.

What the $83b Tesla pay deal setback means for Musk and his empire

The car maker’s board is under pressure after a judge ruled this week that its billionaire CEO has to forfeit the largest ever incentive package. What happens next?

  • Peter Campbell, Tim Bradshaw and Sujeet Indap