Today
- Opinion
- Opinion
Three things directors must learn from a time of scandals
A board director’s job is getting more complex. But they need to maintain their own clear lines of sight into the businesses they oversee.
- Mark Rigotti
- Opinion
- Chanticleer
CFMEU’s return to Cbus board shows it’s time for change
Appointing union officials as directors at a time when super fund boards are screaming out for specialist skills raises questions about the need for change.
- James Thomson
Super chiefs risk pay cut for failings: ASIC, APRA
The corporate watchdog has threatened superannuation fund executives with penalties if they do not fix their customer service failings.
- Hannah Wootton
Yesterday
- Opinion
- Chanticleer
Meet corporate Australia’s top bulldust detector
With nearly five decades of experience in the markets, Gary Weiss has seen it all. Here’s how he spots corporate BS, and his No. 1 rule as a director.
- James Thomson
- Opinion
- Chanticleer
MinRes board fails the pub test. Again
The $45 million transaction revealed by the Financial Review – not by the company – underscores questions over the miner’s governance.
- James Thomson
This Month
Big super demands MinRes board come clean on founder’s private deals
The influential governance advisor to retirement funds has recommended a vote against its remuneration plan citing a lack of integrity and poor disclosure.
- Peter Ker
NAB taken to court for ignoring customers’ pleas for help
The bank failed to respond within legal timeframes to 345 hardship requests between October 2018 and September 2023, ASIC says in a new Federal Court action.
- James Eyers
Lendlease avoids ‘second strike’ in crucial AGM showdown
The embattled company averted a vote on a potential board spill by convincing shareholders it was on the right track. Some want more evidence, however.
- Updated
- Michael Bleby and Campbell Kwan
Swan says Cbus board was not too slow on payouts. ASIC disagrees
Breaking his silence on the customer service scandal engulfing the industry super fund, the chairman and Labor powerbroker said many criticisms this week were “completely inaccurate”.
- Hannah Wootton
MinRes flags role in related-party rent relief scheme
The beleaguered miner sought $158,000 repayment from companies linked to the daughter of billionaire founder Chris Ellison.
- Updated
- Mark Wembridge
ASX denies breaking law over CHESS status, relied on technology vendor
Exchange boss Helen Lofthouse said it is in the interests of the company and its shareholders for it to defend a case alleging misstatements about the project.
- Updated
- James Eyers
- Investigation
- Mining
The $45m MinRes property deal – with the Ellisons on the other side
Investors in the iron ore and lithium miner would have had no idea that MinRes’ joint venture partner in a big Perth real estate play was the company’s founder.
- Neil Chenoweth and Mark Di Stefano
ASIC warns directors could be on hook for super customer failures
The warning came as Cbus CEO Kristian Fok apologised to members but defended the fund’s deep financial links to the CFMEU.
- Hannah Wootton
- Exclusive
- Simonds Group
ASX-listed builder slammed over ‘no divvy’ in clash with rival
Simonds’ biggest external shareholder, NEX, lodged a protest vote at the group’s AGM, setting the scene for the rivals to compete head-to-head.
- Michael Bleby
MinRes admits it failed to disclose related-party transactions
The West Australian miner says it cannot say why it did not tell shareholders, claiming the board would be “speculating” if it tried to give a reason.
- Mark Wembridge
Platinum founder leads shareholder protest over exec pay
Platinum’s board was hit with a dreaded second strike after founder Kerr Neilson led a shareholder revolt against the company’s remuneration report.
- Jonathan Shapiro
Nine board puts (some of) its money where its mouth is
Nine Entertainment shareholders can complain about many things, but they can’t say directors aren’t listening.
- Hannah Wootton
Meet Chris Ellison’s personal accountant
Yenna Ong, the number cruncher who managed the Mineral Resources founder’s private affairs, rapidly gained great power. Then just as suddenly, she was gone.
- Neil Chenoweth
MinRes saga exposes ESG’s existential crisis (and here comes Trump)
Scandals at Mineral Resources and WiseTech raise hard questions for investors who care about governance and culture. Now Donald Trump’s win raises existential problems for ESG.
- Patrick Durkin
Five founders keeping the faith with investors
Corporate Australia has recently experienced a founder “killing season”, but these founder-led companies are still keeping shareholders happy.