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Showing 761 - 770 of 4429 results for "Poor"

Miscalculations delay remediation, more issues emerge: AMP

JAMIE WILLIAMSON  |  WEDNESDAY, 28 NOV 2018
... clarity around what is acceptable and a lack of consequences resulting from inappropriate behaviour that has created AMP's poor culture. This has been compounded by underinvestment in risk, compliance and governance systems, he said.

ANZ lambasted for breach reporting delays

KARREN VERGARA  |  WEDNESDAY, 28 NOV 2018
... be a significant breach. In trying to find the root causes of the breach, ASIC noted in its report that ANZ grappled with poor controls, "multiple hand-off points," grandfathered packages, complicated product design and staff oversight and error. Elliott ...

Culture dominates shareholder engagement

KARREN VERGARA  |  TUESDAY, 27 NOV 2018
... persistent theme in these conversations. The "root cause of high impact events" that occurs in a company can be traced back to poor corporate culture, she said. "Most directors recognise the importance of corporate culture generally but not all are able ...

BEAR should be expanded, ASIC included: Shipton

JAMIE WILLIAMSON  |  FRIDAY, 23 NOV 2018
... Commissioners of ASIC do not have day-to-day executive responsibility," Shipton said. Orr responded: "It would be regarded as poor governance for a large listed entity to have a board comprised entirely of executive directors, wouldn't it?" "It would ...

SelectingSuper honours super industry leaders

DARREN SNYDER  |  THURSDAY, 22 NOV 2018
... that low performing funds don't just survive, they thrive. "It's so perverse that if the regulator wanted to boot poor performing "mutt" funds out of the industry, the law as it stands doesn't let them." He added Australia's best super ...

Comyn promises personal accountability

KARREN VERGARA  |  TUESDAY, 20 NOV 2018
... "missteps" along the way. Comyn admitted that the pursuit of financial objectives underpinned numerous instances that resulted in poor customer outcomes, including fees for no service and outdated medical definition issues. Under his watch, Comyn told ...

Poor performance a fiduciary breach

JAMIE WILLIAMSON  |  FRIDAY, 16 NOV 2018
... against their peers and therefore are in breach of their fiduciary duty." Sherry clarified his view has nothing to do with poor management of the funds, instead it is all to do with the trustees' failure to ask one fundamental question: We're not performing ...

Chief economist update: Slowing in sync

BENJAMIN ONG  |  FRIDAY, 16 NOV 2018
2018 started as a good year (not the tyres) but with so many bumps in the road is, to keep up with the metaphor, flattening the tyres of global growth. There's the Fed's determination to return monetary policy back to normality - that's ...

FSC revamps life insurer code

KANIKA SOOD  |  MONDAY, 12 NOV 2018
... called Life Code Compliance Committee. "Every aspect of the life insurance industry is under the microscope following the poor behaviour brought to light during the Royal Commission," she said. "We owe it to consumers to do a better job. Today with the ...

AustralianSuper changes property option

KANIKA SOOD  |  FRIDAY, 9 NOV 2018
... people could pull the money in and out very quickly, there is a risk in a market downturn that we would have to sell it at a poor price costing all of the members. "In a really difficult situation, if there was one - and we are not expecting one - we ...

Editor's Choice

Global X awards mandate for ETF business

ELIZA BAVIN
Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA
Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI
The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA
MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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