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Colonial First State Global Asset Management reports on responsible investment

RACHEL ALEMBAKIS  |  FRIDAY, 1 JUL 2011  |  NEWS
Colonial First State Global Asset Management (CFSGAM) has urged the financial services industry to put greater emphasis on pricing ESG issues into investment decisions while releasing a report into their own 2010 responsible investment decisions. Amanda ...

ASIC urges additional executive remuneration disclosures

RACHEL ALEMBAKIS  |  FRIDAY, 1 JUL 2011  |  NEWS
... that exists between the company's performance and the remuneration of its executives. The four areas of ASICS focus are the board's policy on the nature and amount of remuneration of the key management personnel, the non-financial performance conditions ...

Mercer: providing education and intervention on ESG

RACHEL ALEMBAKIS  |  WEDNESDAY, 29 JUN 2011  |  NEWS
... implement action plans for clients to step through processes for managing the risk. Usually we start with working with the board and we provide board education and then we work on policy with the fund, developing their policy so it becomes a more sophisticated ...

"Two Strikes" for directors legislation passes Parliament

RACHEL ALEMBAKIS  |  WEDNESDAY, 22 JUN 2011  |  NEWS
... meetings under the legislation. Under the legislation, if a majority of shareholders then vote in favour of getting rid of the board, directors will face fresh elections at a subsequent spill meeting. The legislation also stipulates that boards must ...

Ceres, Tellus Institute to design sustainability ratings standard

RACHEL ALEMBAKIS  |  FRIDAY, 17 JUN 2011  |  NEWS
... two activities will be conducted through an independent and non-commercial process. As the GISR enters the market, a GISR Board of Directors will evolve with the expectation that GISR will gradually morph into a stand-alone, non-profit, global organisation ...

Low Carbon Australia makes two board appointments

RACHEL ALEMBAKIS  |  FRIDAY, 10 JUN 2011  |  NEWS
Low Carbon Australia has appointed Tanya Cox and Linda Nicholls to the board of directors. Cox is the chief operating officer and company secretary of DEXUS Property Group. Nicholls is a corporate adviser and director. Nicholls is chair of Yarra Trams ...

Investor Profile: Australian Ethical Investment

RACHEL ALEMBAKIS  |  FRIDAY, 3 JUN 2011  |  NEWS
... There is an element of precautionary principle built into what we do and how we integrate ESG - not just about the right board complexion or having the sustainability report. They're basic hygiene issues, if you like, but they're not sufficient on their ...

New water accounting standard to measure quantity, rights and obligations

RACHEL ALEMBAKIS  |  FRIDAY, 3 JUN 2011  |  NEWS
The Water Accounting Standards Board (WASB) is in the process of developing the Australian Water Accounting Standard (AWAS), which will quantify information about water, rights and other claims to water, and obligations against water. The preliminary ...

CAMAC releases review of executive remuneration governance

RACHEL ALEMBAKIS  |  FRIDAY, 27 MAY 2011  |  NEWS
... the payment disclosure will make that clearer." Sheehy said that the CSA was pleased that CAMAC reiterated that it was the board's function to determine remuneration. "Sitting over the top, the principle we were happiest about is that CAMAC clearly said ...

Companies investing in sustainable operations showing returns

RACHEL ALEMBAKIS  |  WEDNESDAY, 25 MAY 2011  |  NEWS
... company with A$51.7bn in turnover for 2010, has established a governance framework with sustainability in the strategy, from board to executive to "champions" embedded into the retail and logistics operations and uses a corporate responsibility panel ...