Tag: Corporate Governance - ABC News (Australian Broadcasting Corporation)

• White due for sentence over TCC deal
  Hobart businessman John White is due to be sentenced today over a monopoly deal he signed as director of the Tasmanian Compliance Corporation.
• Ombudsman: Bunbury hotel underpaid workers
  The Australian Workplace Ombudsman is prosecuting the owners of the Lord Forrest Hotel in Bunbury for allegedly underpaying their employees.
• Corporate governance being forgotten: report
  Small shareholders are being warned to read the fine print before they invest in small mining companies.
• Pulp mill anger takes over Gunns AGM
  The Gunns AGM in Launceston yesterday was an eventful one, with shouting, death threats and a premature shut-down.
• Qld fuel inquiry calls for benchmark prices
  The head of the Queensland Fuel Subsidy Commission of Inquiry has recommended setting a benchmark price for petrol retailers.
• Electricity customers overcharged
  South Australia's energy industry ombudsman, Nick Hakof, says many electricity customers were incorrectly billed earlier this year.
• Miners threatened with loss of licence over operational breaches
  The state's Resources Minister Fran Logan has blasted Western Australia's mining industry, describing recent breaches of environmental and regulatory conditions as disgraceful.
• Rio Tinto shares soar in wake of merger proposal
  Shares in miner Rio Tinto have soared in early trade today to almost $138 after the company rejected a multibillion dollar merger proposal from rival BHP Billiton.
• ASIC to pursue Westpoint advisers
  Australia's corporate regulator is initiating its own class action against the failed Westpoint Property Group to try to recoup hundreds of millions of dollars in lost investment funds.
• Shareholders oppose high pay for Telstra CEO
  Telstra shareholders delivered what amounted to a resounding vote of no confidence in the company's board of directors today.
• Telstra shareholders reject executive pay rises
  Two thirds of Telstra shareholders have voted against this year's remuneration report containing pay increases for senior executives.
• Former HIH executive jailed for another year
  A Supreme Court judge has sentenced a former chief financial officer from failed insurance company HIH to at least an extra year in jail.
• Trujllo faces Future Fund battle over $11m salary
  In the two years since Sol Trujillo took the reins of Telstra, he has picked fights with the Government to the point of trying to make its situation an election issue and exchanged barbs with the competition regulator.
• Merrill Lynch chief tipped to quit after huge loss
  Merrill Lynch's chief is reportedly about to quit, after presiding over one of the worst losses in the history of Wall Street.
• Visy boss quits over price fixing
  The Chief Executive of the Visy cardboard packaging group has resigned after admitting to numerous breaches of the Trade Practices Act.
• Family-run businesses outperform non-family peers: research
  A growing body of research suggests family-run businesses do better than other businesses.
• Coca Cola chief urges AGM shake-up
  The chair of Coca Cola Amatil is calling for an overhaul of AGMs, arguing they are formula-driven and confrontational.
• Business donors marginalise voters
  "Only a total ban on corporate and union donations can restore integrity to democracy."
• Webster to thank shareholder who stopped asset sale
  The Tasmanian agri-business Webster Limited is to thank a shareholder who opposed the sale of part of the company's operations.
• Company director pool shrinking as pay packets rise
  A new survey suggests directors on company boards are reaping substantially greater rewards but are increasingly difficult to find.
• Supermarket petrol dockets stifling competition
  An inquiry into the price of unleaded petrol in Australia has heard that the major supermarket chains are wiping out competition in the industry because of the discounts they offer.
• Home lending practices under parliamentary scrutiny
  A federal parliamentary committee will host a public hearing in Canberra today as part of its investigation into home lending practices.
• Ratings agencies criticised after Bridgecorp collapse
  An analyst has criticised credit ratings agencies that failed to warn of Bridgecorp's demise.
• Report highlights Fincorp failures
  Allegations of corporate excess, missing records and shoddy management have emerged in the latest administrator's report into the Fincorp property group, which collapsed earlier this year.