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Showing 3461 - 3470 of 3921 results for "law"

US pension fund to settle suit for $930m

RUTH LIEW  |  FRIDAY, 4 JUL 2008
The largest public pension fund in the US fires a warning shot against companies with lousy corporate governance when it demanded a company it invests in to re-write its CG policy and pay a $930 million cheque for wrongful share trading. The $244 billion ...

Moody's takes action after ratings blunder

MICHAEL HOBBS  |  WEDNESDAY, 2 JUL 2008
... from issuers and investors and re-rated the remaining seven transactions between Ba1 and B1. Following an investigation by law firm, Sullivan & Cromwell, the credit ratings firm found its staff did not change the methodology for rating European CPDOs ...

ASX listing breaches hit 13pc

RUTH LIEW  |  MONDAY, 30 JUN 2008
... Interest Notices breached listing rules in the first quarter of this year - prompting warnings that those who violated the law could face ASIC investigation. According to the ASX Markets Supervision (ASXMS), approximately 538 or 13 per cent out of 4,137 ...

ASIC's Westpoint action faces delay

MICHAEL HOBBS  |  FRIDAY, 27 JUN 2008
... but left the door open for ASIC to start a new case. Tony D'Aloisio, ASIC chairman, said the court's decision clarified the law and it would start new proceedings against Westpoint directors. "Let me reassure Westpoint investors that the decision does ...

Deloitte warns against split regulation

MICHAEL HOBBS  |  TUESDAY, 24 JUN 2008
... Phil Hardy, Deloitte banking and finance specialist, said the firm was concerned minister for superannuation and corporate law, Senator Nick Sherry's proposal would mean mortgages might be regulated nationally but non-mortgage lenders would still be ...

CBA targets self managed super

WWW.THESHEET.COM  |  THURSDAY, 19 JUN 2008
... superannuation funds. Like a number of other financial institutions, CBA is hoping to take advantage of changes to superannuation law last year that have made it easier for super fund trustees to borrow. Commonwealth head of institutional equities and ...

Telstra's McCredden joins UniSuper

RUTH LIEW  |  WEDNESDAY, 18 JUN 2008
... Superannuation Consultative Committee recently established by Senator Nick Sherry, minister for superannuation and corporate law. McCredden's appointment follows a selection process that commenced in March 2008 with the departure OF former UniSuper chief ...

Aus and NZ fund issuance better under MRSO

RUTH LIEW  |  FRIDAY, 13 JUN 2008
The Australian Securities and Investments Commission (ASIC) and New Zealand Securities Commission have applauded the Mutual Recognition of Securities Offerings (MRSO) - a new legislation that will see trans-Tasman mutual recognition of securities offerings. ...

Vanguard appoints CFO

MICHAEL HOBBS  |  FRIDAY, 13 JUN 2008
Vanguard Investments Australia has appointed Jean-Yves Didier to chief financial officer. Prior to this appointment, Didier worked at AXA Asia Pacific in its Melbourne office and held roles across regional reporting, planning, corporate finance and ...

Aust and NZ to mutually recognise capital raisings

ALEX DUNNIN  |  THURSDAY, 12 JUN 2008
... without the need for extra compliance hurdles. Senator Nick Sherry, the Australian Minister for Superannuation and Corporate Law, and Lianne Dalziel the New Zealand Commerce Minister, will sign documents relating to the mutual recognition tomorrow in ...