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Showing 3111 - 3120 of 7871 results for "Board"

Freedom Insurance suspends trading

KARREN VERGARA  |  THURSDAY, 7 FEB 2019
... model and stop selling life insurance products. It warned shareholders it will likely face a liquidity crisis in 2019. The board of the embattled insurer decided to search for alternative business models after a strategic review headed by Deloitte found ...

APRA could oversee stalled super fund mergers

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... proposals. In both cases, the merger discussions were derailed by who would get a seat on the table at the new merged fund's board. Energy Super and Equip Super's boards agreed a merger was in best interest of their members. A KPMG report even put a ...

Wealth manager appoints former NSW Premier to chair foundation

HARRISON WORLEY  |  WEDNESDAY, 6 FEB 2019
... superannuation fund Crescent Wealth. The former New South Wales Premier and Australian Foreign Minister will lead the foundation's board, which is also welcoming new member Dr Sayd Farook. Farook is taking the place of Hisham El-Ansary, who has stepped ...

Former Morgan Stanley chief to join Westpac board

HARRISON WORLEY  |  WEDNESDAY, 6 FEB 2019
Westpac appointed two new board directors, including the former chief executive of Morgan Stanley Australia. Steven Harker and Margaret Seale will join the board of Westpac in March as non-executive directors, and both are set to be appointed to the ...

Chief economist update: RBA still in denial

BENJAMIN ONG  |  WEDNESDAY, 6 FEB 2019
... to target is expected, although this progress is likely to be gradual. Taking account of the available information, the board judged that holding the stance of monetary policy unchanged at this meeting would be consistent with sustainable growth in the ...

Institutions respond to Royal Commission, make commitments

HARRISON WORLEY  |  TUESDAY, 5 FEB 2019
... to do, and then having its staff act accordingly. He added that Henry seemed unwilling to accept criticism over how NAB's board dealt with issues, and singled out Thorburn for treating issues of fees-for-no-service as "nothing more than carelessness ...

Sequoia chief resigns

KARREN VERGARA  |  TUESDAY, 5 FEB 2019
... managing director and became chief executive in December 2014. Executive chair Garry Crole said: "Whilst Scott will leave the board and the business in his capacity as group CEO, the company will engage with Scott in the next stage of his career in the ...

Superannuation to face BEAR: Hayne

KARREN VERGARA  |  TUESDAY, 5 FEB 2019
... and becomes applicable for the smaller players one year later. It requires an 'accountable person' that holds a board or senior executive position to register with APRA and conduct the business with honesty and integrity, and with due skill ...

Hayne targets superannuation employer connections

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... question. If, for any reason, those members consider it would be in their interests to move funds, they can do so," he said. Board representation Regardless of how super funds nominate or select directors, Hayne's main recommendation is that all ...

Royal Commission principles not simply an add-on

DARREN SNYDER  |  MONDAY, 4 FEB 2019
A set of ideas or principles aligned to community standards resulting from the financial services Royal Commission must not be solely grafted as optional extras for better business profits, an ethics specialist believes. The Ethics Centre executive ...