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Showing 711 - 720 of 7855 results for "Board"

'Our patience is running thin': ASIC

ELIZA BAVIN  |  THURSDAY, 15 AUG 2024
... are looking at death benefit claims handling." In addition, Constant said ASIC was concerned about accountability at the board level - a timely mention given the recent concerns around the CFMEU, Cbus and BUSSQ. "Boards of trustees need the right skills ...

What does the RBNZ rate cut mean to Australia?

MATTHEW WAI  |  THURSDAY, 15 AUG 2024
On Wednesday, the Reserve Bank of New Zealand (RBNZ) trimmed its interest rate by 25 basis points to 5.25% after holding a decades-high rate of 5.50% since May 2023. The central bank pointed to inflation converging to its target range as the core reason ...

ASX sued by ASIC for alleged misleading statements

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
... statements go to the heart of trust in the integrity of our markets. We believe this was a collective failure by the ASX board and senior executives at the time," ASIC chair Joe Longo said. "Companies and market participants rely on what the ASX says ...

Misconduct cases soar at CBA

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
... superannuation products, two related to financial advice as well as a class action which commenced in New Zealand. "The board continues to monitor each of these proceedings and investigations," CBA said. "The group also continues to engage with its regulators ...

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
... members. Cbus chief executive Kristian Fok said the fund supports APRA's decision to undertake an independent review of its board governance and expenditure arrangements, adding that it will build on previously commenced work. "Cbus continues to ...

Challenger pre-tax profit up 17%, raises dividend to 26.5c

ANDREW MCKEAN  |  TUESDAY, 13 AUG 2024
... to meet growing demand for higher yielding income strategies. "Reflecting Challenger's strong performance this year, the board determined a fully franked dividend of 26.5 cents per share, an increase of 10% on last year."

BHP, Rio Tinto, Qantas back carbon credits fund

JAMIE WILLIAMSON  |  MONDAY, 12 AUG 2024
... Capital said. Silva Capital co-managing director Raphael Wood said the group is thrilled to have BHP, Rio Tinto, and Qantas on board. "Their partnership and commitment highlight the importance of high-integrity carbon credits in the transition to a low-carbon ...

CFMEU fallout stokes governance debate

ANDREW MCKEAN  |  MONDAY, 12 AUG 2024
... to secure lucrative contracts on projects funded by Cbus, claiming to have insider influence. Cbus, which has a 14-member board comprising an equal number of employer and union directors, including three CFMEU representatives, has since come under scrutiny ...

TelstraSuper fields influx of merger offers

JAMIE WILLIAMSON  |  FRIDAY, 9 AUG 2024
... TelstraSuper has received "a high level of interest" from its peers. In an update on the merger process, TelstraSuper said its board is currently considering information provided by a range of superannuation funds to compile a shortlist of potential ...

Another chair for Sequoia

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2024
... announced that Mike Ryan is its new non-executive chair, replacing Charles Sweeney who assumed the role on April 18. The board told the ASX that Ryan was appointed after "an extensive recruitment process" yet failed to mention that Sweeney was taking ...