Corporate governance is a key tool for optimising company board and management accountability. It provides a framework for a company’s board of directors to manage its relationships with company stakeholders in a fair and transparent way. Read more
What are the primary sources of law, regulation and practice for corporate governance?
The primary source of regulation for corporate governance in Australia is the Corporations Act 2001 (Cth). Corporate governance is also subject to common law principles within the court system. Read more
Who makes up a board of directors?
A board should be structured so there is a balance between executive and non-executive members, there is a majority of non-executive directors, and there is at a minimum a critical mass (at least two for a smaller board) of independent directors. Read more
How are board members elected or removed?
As a general rule, company constitutions and/or shareholder agreements cover resignations and the appointment/removal of directors, as well as procedures for filling casual vacancies when a director leaves the company. Read more
Driven by the government’s consultation paper on ‘Restoring trust in audit and corporate governance’, along with a steady stream of big-name corporate failures, auditing is currently a hot topic in the UK. Businesses such as BHS, Thomas Cook,...
For true diversity boards need to look beyond demographics
All boards strive to deliver effective decision making that adds value. To achieve this you need the right directors in place. Unfortunately, the lack of diversity on boards is a major...
The UK is a world leader in all three sectors with a wide range of internationally renowned private, public and academic organisations. UK entities play a leading role in finding solutions to the world’s biggest challenges, including climate...