Archived News for Executives and Senior Management - September, 2011
The Federal Government has released two discussion papers in the lead up to the October Tax Forum.
The first paper, Tax Forum: The Fiscal Context, argues the importance of ensuring the tax system provides a robust revenue base into the future.
"The discussion of tax reform needs to be placed in the context of Australia’s contemporary and future challenges. This includes an understanding of the economic and fiscal imperatives that will enable us to secure our ongoing prosperity in a global economy that will continue to change," the report reads.
Mining giant BHP Billiton has spent close to $19 million on its executive remuneration pay packages in the 2010-2011 financial year in a move that BHP Chairman John Buchanan describes as an investment geared towards reaping future rewards.
Westpac has announced that Ann Pickard will take a senior independent non-executive Director at the company’s board. Ms Pickard’s appointment will take effect from the beginning of December.
Former Fairfax Media chief executive Brian McCarthy received a termination payment of $2.36 million despite the company reporting a full year loss of $401 million for the 2011 financial year.
The Australian Shareholders Association has warned that the annual meeting season will highlight corporate governance issues which are plaguing investors, including executive remuneration, external and internal management of real estate investment trusts, and management fees.
Australia is yet to see a tangible change in relation to the representation of women in senior roles, according to a report released by Ernst & Young,
The Commonwealth Bank has announced Grahame Petersen as the company’s new Group Executive of Business and Private Banking in advance of Ian Narev taking his role as the company’s chief executive from 1 October.
The Productivity Commission and the Australian Bureau of Statistics (ABS) have released a joint research paper into the state of competition, innovation and productivity in Australian businesses.
Myer Holdings has announced a restructure of the company’s executive team after Penny Winn, Executive General Manager Merchandise, announced her resignation effective on 8 December.