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Showing 851 - 860 of 3078 results for "Corporation"

Former adviser pleads guilty to stealing client funds

ELIZA BAVIN  |  WEDNESDAY, 18 NOV 2020
A former financial adviser has pleaded guilty to misappropriating $2.9 million of client funds by transferring the money to his own accounts for personal use. Ross Hopkins from NSW, appeared at the Downing Centre Local Court, where he pleaded guilty ...

Poor progress on human rights revealed

ELIZABETH MCARTHUR  |  TUESDAY, 17 NOV 2020
The sad state of human rights concerns among the world's largest corporations has been laid bare in a new benchmarking report, finding little to no progress has been made in the last 12 months. The World Benchmarking Alliance released the fourth edition ...

World largest asset owners increase ESG, AUM

ANNABELLE DICKSON  |  TUESDAY, 17 NOV 2020
... US$1.55 trillion in AUM followed by the Government Pension Fund of Norway at US$1.06 trillion and China Investment Corporation at $940 billion. Furthermore, Willis Towers Watson Australia head of strategic advisory Jessica Melville said asset owners ...

Former Financial Circle director charged

ELIZA BAVIN  |  MONDAY, 16 NOV 2020
Former Financial Circle director Joshua Fuoco has been charged with managing a corporation whilst disqualified. Melbourne-based Fuoco was charged with four offences following an ASIC investigation. He was charged with three counts of managing a corporation ...

APRA eases hard caps in revamped executive pay

KANIKA SOOD  |  THURSDAY, 12 NOV 2020
A new draft of APRA's remuneration guidelines has scrapped its original plan to cap financial measures' contribution to executives' variable remuneration at 50%. Instead the boards will be able to assign a "material weight" to how much of ...

Audit inquiry overlooks vertical integration

KARREN VERGARA  |  THURSDAY, 12 NOV 2020
An inquiry into the quality of audits has fallen short of recommending the breakup of the largest four vertically integrated accounting firms in a bid to combat conflicts of interest. The Regulation of Auditing in Australia: Final Report, tabled in ...

Fund managers' ESG beef

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 NOV 2020
... suggested. For example, McDonalds and Nestle are supplied by companies on the index including Fujian Sunner, Seaboard Corporation and Cherkizovo - none of which declare emissions or have targets to reduce them. "As we look to rebuild economies in the ...

DomaCom to deliver affordable housing

ANNABELLE DICKSON  |  MONDAY, 9 NOV 2020
... housing provider and can access low-cost government housing loans via the National Housing Finance and Investment Corporation. BlueCHP chief executive Charles Northcote said community housing providers have had issues accessing capital but allowing private ...

Ares readies second credit fund

KANIKA SOOD  |  FRIDAY, 6 NOV 2020
... reputation of investing through market cycles," said Ares SSG ANZ chair John Knox. Los Angeles's Ares Management Corporation last October set up a joint venture with Challenger's Fidante Partners. Separately, Ares this month bid $1.85 per share ...

Dorsey holds reigns at Twitter

ELIZA BAVIN  |  WEDNESDAY, 4 NOV 2020
Twitter chief executive Jack Dorsey has held onto his position after Elliot Management corporation raised concerns about his leadership earlier in the year. In a filing to the SEC, Twitter said an independent committee, in cooperation with Elliott Management ...