Archived News for Executives and Senior Management - April, 2012
The Federal Government has released legislation for public consultation that will see superannuation funds be obliged to disclose executive remuneration information.
The draft legislation requires superannuation funds to publish on their websites:
- details of director and executive pay;
- details of what assets the fund has invested in; and
- an up-to-date 'product dashboard', setting out information on target investment returns, past performance against targets, investment risk, liquidity and fees, in relation to each product offered by the fund.
“In the wake of collapses such as TRIO, it is important for Australians to know where their super savings are being invested. I also think it's valuable to understand how we can extend these standards outside super,” Minister for Financial Services and Superannuation Bill Shorten said.
A former Optus marketing executive is suing her former employer for $14.5 million in damages, alleging the company fired her after six months of bullying and victimisation.
Executives at Huawei Australia could be shortlisted as the company’s possible new global CEO, according to a report conducted by the Australian Financial Review (AFR).
The University of Queensland has appointed Professor Peter Høj as its new Vice-Chancellor and President.
Professor Høj is the Vice-Chancellor and President of the University of South Australia and his previous roles include Chief Executive Officer of the Australian Research Council and Managing Director of the Australian Wine Research Institute.
He was selected from a highly-competitive field of candidates.
Professor Høj said he was honoured to be granted the opportunity to lead a research-intensive institution of UQ's stature.
“I look forward to working with UQ staff, students and alumni to further enhance the University's already excellent global reputation for learning, research and outreach activities across a full spectrum of academic disciplines,” he said.
Professor Høj has a Master of Science, PhD and Honorary Doctorate from the University of Copenhagen, Denmark.
He has served on the Prime Minister's Science and Engineering Innovation Council, and his many awards include the Boehringer-Mannheim Medal from the Australian Society for Biochemistry and Molecular Biology.
In addition to his Fellowship of the Australian Academy of Technological Sciences and Engineering, he was recently appointed as a Foreign Member (Natural Sciences Class) of The Royal Danish Academy of Sciences and Letters.
International professional services specialist Hays has released research that found that growth, cloud, social, mobile and analytics are among this year’s top HR trends.
Focus Minerals Ltd., a leading Australian gold producer and explorer, has announced the appointment of Paul Fromson as the Company’s new Chief Financial Officer and Company Secretary following the resignation of current CFO Jon Grygorcewicz.
Professor S. Bruce Dowton has been appointed the next Vice-Chancellor and President of Macquarie University, the Chancellor, The Hon. Michael Egan, announced.
The CEO Institute, a national organisation whose members are the CEOs and leaders of large private and public companies and professional firms, has released a list of the top 5 issues currently keeping CEOs awake at night.
BHP Billiton has announced that its Iron Ore President, Ian Ashby, will be lraving the company at the start of July after over 25 years with the company. Jimmy Wilson, currently BHP Billiton Energy Coal President, will succeed Mr Ashby.
The National Broadband Network Co (NBN Co) has announced Robin Payne as the company's new Chief Financial Officer (CFO), officially placing him in the role he has served in since January following the retirement of Jean-Pascal Beaufret.