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

Search Results

Showing 5601 - 5610 of 7876 results for "Board"

Vision Super chief steps down

MELANIE TIMBRELL  |  WEDNESDAY, 15 AUG 2012
Vision Super chief executive of 19 years, Rob Brooks, will step down at the end of the month. The board is expected to announce an interim replacement while the fund continues its search for a merger partner following this year's failed attempt to combine ...

ETSL appoints superannuation chair

BEN COLLINS  |  TUESDAY, 14 AUG 2012
... Dillon became managing director of the combined business before retiring from this role in 2006. He has remained on the board, and acted as chairman, for the last six years. O'Donnell has over 32 years experience in the finance sector, including managing ...

Mariners bid underdone

BEN COLLINS  |  TUESDAY, 14 AUG 2012
... detailed binding commitments in place," when it made its bid. Mariner's only documentation for the bid was a paper from the board, and the Takeovers Panel said it did not record satisfactory funding arrangements. Olney-Fraser said that Mariner did have ...

MySuper Bill could expose individual trustees to legal action

BEN COLLINS  |  MONDAY, 13 AUG 2012
Superannuation reforms could leave individual trustees open to litigation, causing a group of representative bodies to write to the Federal Government to voice their concerns. In a joint submission, the Australian Institute of Superannuation Trustees ...

Outsourcing helps UK trustees better manage funds

ALEX DUNNIN  |  FRIDAY, 10 AUG 2012
... in the UK. Trustees will still be responsible, but the fiduciary manager will operate the fund and report to the trustee board. The shift is similar to the short-lived phenomenon of implemented consulting that occurred within Australian not-for-profit ...

APA ups HDF offer

BEN COLLINS  |  FRIDAY, 10 AUG 2012
... an implied value of $2.00 per Hastings Diversified Utilities Fund (HDF) security. On Thursday it increased it to $2.56. A board of independent directors had previously recommended that shareholders accept PPA's smaller, but all cash offer of $2.325 per ...

Future Fund defends tax havens

BEN COLLINS  |  FRIDAY, 10 AUG 2012
... production and development of nuclear weapons. "Properly structuring its investments can be essential to maintaining the board's rights and entitlements, including the benefit of sovereign immunity for tax purposes in certain jurisdictions," the Future ...

Folkestone forced to pay cash

BEN COLLINS  |  THURSDAY, 9 AUG 2012
Folkestone will have to pay cash for the Austock property business, after the Pooled Developments Funds Board knocked back its cash-and-scrip offer. The $11 million sale was going to be paid 70% in cash, and 30% in Folkestone Shares, however the agreement ...

Brierley bids for wound-down scheme

BEN COLLINS  |  WEDNESDAY, 8 AUG 2012
... investors with a way of disposing an illiquid investment, which for many shareholders is "very small in dollar terms." The board of the fund has advised shareholders not to act until it has considered the offer. The fund's responsible entity, Adelaide ...

Dunn loses bonus shares

BEN COLLINS  |  WEDNESDAY, 8 AUG 2012
... AMP conducted a review of its remuneration practices, and said in its 2011 annual report that following the review the AMP board would implement a three-phase plan to "enhancing the effectiveness of AMP's remuneration approach." At its 2012 annual general ...