Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1631 - 1640 of 7871 results for "Board"

AMP to delist from NZX

JAMIE WILLIAMSON  |  WEDNESDAY, 22 DEC 2021
... listed on the Australian Securities Exchange from February, following a decision to delist from the New Zealand Exchange main board. AMP said the delisting supports the simplification of its shareholder administration ahead of demerging its Private Markets ...

Magellan loses significant mandate

ELIZABETH MCARTHUR  |  MONDAY, 20 DEC 2021
... UK wealth manager has been using Magellan's strategies since 2011. In 2020, a St James' Place shareholder asked the board to review the cost of its mandate with Magellan. Earlier this month, Magellan chief executive Brett Cairns departed suddenly. ...

EISS Super finds merger partner in Cbus

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
... merge with a larger fund by the middle of 2022. It was also told it must also adopt better expenditure processes and greater board oversight of expenditure and review its expenditure and cease sponsorship arrangements and other arrangements that are ...

Industry responds to heatmap findings

CHLOE WALKER  |  FRIDAY, 17 DEC 2021
... heatmaps yesterday at an Association of Superannuation Funds of Australia's (ASFA's) virtual event, APRA executive board member Margaret Cole said that APRA's active supervision of underperforming MySuper products over the past two years has ...

Choice products not so choice: APRA

CHLOE WALKER, KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... Transformation to further refine and expand its Choice Heatmap over coming years to cover more of the sector. Executive board member Margaret Cole said APRA would now further intensify its supervision on the trustees of products that had been shown up ...

What you read in 2021

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
... superannuation fund announced it was about to get even bigger, signing a Memorandum of Understanding to merge with LUCRF Super. The board of LUCRF selected AustralianSuper as it sees it as the best option to ensure the fund can continue its "proud and ...

HESTA leads trustee board diversity

KARREN VERGARA  |  THURSDAY, 16 DEC 2021
Superannuation fund HESTA has the highest number of women on its trustee board with nine females versus five males. An analysis of APRA's fund-level superannuation data as at June 2021 shows the $67 billion fund has tipped the gender imbalance as ...

Shareholders reject Westpac remuneration report

KARREN VERGARA  |  THURSDAY, 16 DEC 2021
... report, marking the first strike. Should 25% or more shareholders protest the pay package next year, Westpac will face a board spill. The remuneration report included chief executive Peter King's package of $2.4 million as base salary, and variable ...

Crestone to be acquired by LGT Group

JAMIE WILLIAMSON  |  WEDNESDAY, 15 DEC 2021
... expertise of the largest privately owned global private banking and asset management group," Crestone said. Crestone's board and management believes the offer to be attractive and have commissioned an independent report to provide an assessment of ...

HUB24, Class alter acquisition terms

KARREN VERGARA  |  TUESDAY, 14 DEC 2021
... An independent expert is currently reviewing the scheme and is due to release the report on or around December 15. Class' board is urging all its shareholders vote in favour of the scheme in the absence of any superior proposal. "Each Class director ...