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Showing 931 - 940 of 2429 results for "Directors"

Super funds cop governance grilling

HARRISON WORLEY  |  TUESDAY, 21 AUG 2018
... right thing" and protect the retirement savings of Australians. Preceding the hearings, Australian Institute of Company Directors managing director and chief executive Angus Armour says it was clear poor governance practices had existed within both retail ...

AIOFP slams FASEA proposals, launches petition

KARREN VERGARA  |  MONDAY, 20 AUG 2018
... Federal Court found that Linchpin engaged in serious breaches of the Corporations Act and did not have any confidence its directors would act in the interests of the fund operated by Linchpin. The Court highlighted concerns over the funds' investment ...

Former Magellan executive appointed to Contango board

KANIKA SOOD  |  FRIDAY, 17 AUG 2018
... Group Company (a wholly-owned subsidiary of CGA) to acquire the remaining 53.75% shares in Switzer Asset Management. The directors are unanimously recommending shareholders vote in favor of the acquisition, as at August 12. This excludes Marty Switzer ...

APRA banned one person in 10 years: Royal Commission

HARRISON WORLEY  |  FRIDAY, 17 AUG 2018
... Rowell, asking if an EU was sought by the regulator over the last decade. "Other than in the case of the Trio Capital directors, have you sought an enforceable undertaking from an individual in the last 10 years that would - if they'd agreed to give ...

AFIC appoints chair

KANIKA SOOD  |  WEDNESDAY, 15 AUG 2018
Australia's oldest listed investment company is seeing a change of guard in its corporate governance as the current chair retires after 34 years on the board. Terrence Campbell will not seek re-election at the October 9 annual general meeting of the ...

Super fund welcomes industry veteran to trustee board

KANIKA SOOD  |  MONDAY, 13 AUG 2018
State Super has announced the appointment of an industry veteran to the trustee board of SAS Trustee Corporation. Carol Austin has over 30 years experience in the industry. She is currently a non-executive director at HSBC Bank Australia and the Grattan ...

GAM to liquidate bond funds

JAMIE WILLIAMSON  |  MONDAY, 13 AUG 2018
... alternative structures for shareholders who want to remain invested with the ARBF team. Since Haywood's suspension, investment directors Jack Flaherty and Alex McKnight have assumed joint responsibility for the ARBF and associated portfolios. The funds ...

Failed industry fund merger laid bare at Royal Commission

KANIKA SOOD  |  FRIDAY, 10 AUG 2018
... allegedly told former Energy Super director Mark Williamson, Wilson said. Energy Super wanted a board that was 50% of its directors and 50% of Equip directors, Wilson said. "The reason why Mark and I are trying to pull it up is because my feelings were ...

Property fund makes $143m bid to internalise management

KANIKA SOOD  |  FRIDAY, 10 AUG 2018
... $143 million for its management functions to be internalised. The fund is currently managed by an external entity, and directors and its responsible entity see immediate benefits to earnings and governance from the move. The Aventus Retail Property Fund ...

IOOF executives dismiss conflicts of interest

KARREN VERGARA  |  FRIDAY, 10 AUG 2018
... all new choice members will be notified of the new offering. Prior to approving and implementing the changes, three directors - including the chair and managing director Chris Kelaher - expressed they felt conflicted by the proposal and didn't cast ...