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.
Forrest continues court battle
Billionaire mining magnate Andrew Forrest has won the right to continue his appeal against a court ruling that found he had misled investors over seven years ago.
Report slams "mindless bias" in business
A report commissioned by the Federal Government has slammed systemic bias against women in the workforce.
beyondblue CEO resigns
Dawn O’Neil, chief executive of beyondblue, a national non-profit initiative to combat depression, has quit after only eight months in the job.
BHP Billiton executives on a gold mine
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 appoints Ann Pickard to board
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.
Cottee steps down amid Nexus turmoil
Troubled oil and gas company Nexus has announced Richard Cottee has resigned as the company’s Managing Director.
New appointments at Suncorp
Sean Carroll has officially been appointed as executive general manager of Suncorp Life Risk Australia after settling into the role for five months.
Fairfax releases termination payment details
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.
ANZ Wealth appoints new Sales Head
ANZ Wealth has appointed a new head of sales, former BT executive Don Sillar.
Shareholders to question corporate governance
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's ranking slips in corporate gender equality
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,
Inman to step down from Target
Launa Inman has announced she will be departing the role of Managing Director of Target.
New NBN director appointed
The Minister for Broadband, Communications and the Digital Economy, Senator Stephen Conroy, has announced the appointment of Rick Turchini to the board of NBN Co.
Leighton Holdings announces new Thiess MD
Leighton Holdings has announced Bruce Munro as the new Managing Director of the company’s wholly owned subsidiary Thiess.
Paramount Mining appoints new chief
Paramount Mining Corporation has announced it has appointed Terry Holohan as the company’s new CEO and Managing Director.
CBA announces executive shuffle
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.
Amcor seeks approval for rewards
Packaging giant Amcor has announced it will seek shareholder approval for issuing over $2 million in reward payments and options for CEO Ken MacKenzie.
Australian business research paper released
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.
Tiger appoints new CEO
Embattled carrier Tiger Airways has named former Virgin Blue senior executive Andrew David as its new chief executive of its Australian operations.
Myer announces executive reshuffle
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.