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Corporate governance practices have worsened in past year: survey

... necessary to prompt action from some companies. The survey was derived from information in the annual reports of Australia's top 250 companies, and assesses corporate reporting on directors' independence, auditor conflicts and remuneration practices. ...

ALP to lift veil on super strategy

ALP shadow treasurer Mark Latham will next week begin to spell out in detail the Federal Opposition's plans for the superannuation industry, as part of the Association of Superannuation Funds of Australia's (ASFA's) annual conference to be held in Brisbane. ...

Asgard's online adviser service wins industry accolade

Asgard's steady push into new services has been rewarded with the top ranking in a recent survey of online services for financial advisers. The AC Nielsen.consult 2003 Advisers Online Benchmark found adviserNet, Asgard's online investment service for ...

PM flags tax cuts for high income earners

AAP  |  FRIDAY, 31 OCT 2003
Prime Minister John Howard has again flagged tax relief for workers hit by the top tax bracket. He said the top tax rate, hitting people earning $62,500 and above, came in at too low a level but raising that would be dependant on whether money was available ...

Westpac delivers double-digit cash earnings growth

... and it is delivering," Dr Morgan said. "What is particularly pleasing is that we have achieved solid earnings growth at the top end of market expectations while maintaining our return on equity." The Bank reported that in wealth management, BT Financial's ...

Super funds offering more additional services: new report

... research group Selecting Super. At least 10 of the industry funds surveyed by Selecting Super now offer more services than the top ranked master trust, providing on average 19 additional benefits. With 25, the Australian Retirement Fund (ARF) offers ...

Midday Market Wrap: Market slips into negative

... increased 17.32 points to 1882.91. In London, a rally by global news and information firm Reuters led a modest gain in the UK top share index as confidence that earnings will continue to improve picked up after last week's sell-off. The FTSE 100 benchmark ...

Morning Market Wrap: Exporter demand drives up dollar

... unsatisfied demand from that part of the market many, many cents ago," he said. "So the dip, they used as an opportunity to top up some hedging." The share market is likely to move higher, following on from a stronger session on Wall St overnight. In ...

Cicutto reappointed as NAB chief

AAP  |  FRIDAY, 24 OCT 2003
... Leaders of Australia's other big banks are currently seeing through multi-year contracts. Mr Cicutto was appointed to the top job at NAB in June 1999 and the new contract would take his tenure to seven and a half years. As well as his fixed pay and short ...

Mohl defends AMP retention payments

AAP  |  FRIDAY, 24 OCT 2003
AMP Ltd chief executive Andrew Mohl today defended the $38 million worth of retention payments the group is handing out to keep key staff once its demerger is complete. The issue was a hot topic at briefings Mr Mohl hosted for institutional investors ...