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ASX to rejig corporate governance framework
The ASX is looking to modernise eight core corporate governance principles, which include rejigging executive remuneration and board composition, to make them fit-for-purpose in the current environment in which ASX-listed entities operate in.
Rest calls for better alignment in default options
Rest conducted a survey addressing concerns around the ambiguity of standardised investment options and product labels.
KPMG finds new chief executive
The embattled consulting firm has named a new chief executive, choosing to promote from within after former chief executive Andrew Yates stepped down in June in the wake of the whistleblower scandal.
HSBC appoints structured finance chief
HSBC Australia and New Zealand have appointed a former Deutsche Bank executive as head of structured finance.
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Blake Briggs
CHIEF EXECUTIVE OFFICER
FINANCIAL SERVICES COUNCIL
FINANCIAL SERVICES COUNCIL
Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara writes.







What a rort for employers.
I salary sacrificed into super on top of my regular employer mandated super contributions for 10 years and my only check that the payments were made was by checking my super company online at monthly intervals. I would often catch slow payments and be told of various computer glitches that had occurred. I retired from the company and 18 months later it went into receivership with all the employees super contributions in arrears.
The super contributions are seen as foregone wage increases and this law is a free get out of jail card to make one payment a year to super if and only If the company is still solvent. So in effect the employee is subsidizing the business cash flow with his lost wage increases as well as the lost income from the money being invested in the super fund.
Not on! Remember there is no 'We' in Liberals, only an 'I'.