Description
Research led by Ronald Masulis, the Macquarie Group Chair in Financial
Services at the Australian School of Business, demonstrates a strong
causal link between board independence and increased value for
shareholders. But there is a potential pitfall in the way board members
are chosen. Masulis and co-author Lixiong Guo find that social
connections between CEOs and non-executive directors can undermine board
independence. “I would encourage corporate boards to voluntarily adopt a
fully independent nominating committee, and if they are lacking a
nominating committee, to establish one,” says Masulis.
When a quarter of your workforce is heading for the door, it's time for
some serious strategic thinking. One Australian organisation is tackling
the outflow of thousands of mature-age workers by 2015 with a series of
policy changes and initiatives that not only glean vital information
for the...
Published 05/01/19
A new inquiry into the activities of Australia's central bank subsidiary, Securency, has brought the prevalence of bribery in international business dealings back into the spotlight. Demands for "grey money" are commonplace when negotiating deals in many developing nations. While multinational...
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The global financial crisis delivered new opportunities to re-engineer the workforce with an increased focus on flexibility for both employers and employees. But dangers lurk in the short-term cost-cutting approach embraced by many organisations. The arrangements – and, in some cases, the...
Published 05/01/19