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Assistance will "significantly reduce" effects of carbon tax on industry

RACHEL ALEMBAKIS  |  WEDNESDAY, 3 AUG 2011  |  NEWS
Companies that fall under the government's proposed carbon pricing scheme will most likely see the negative effects on costs and earnings "significantly reduced" by the planned assistance package, according to research from MSCI. Emissions Intensive ...

Draft carbon tax legislation "faithful", but tricky in details

RACHEL ALEMBAKIS  |  FRIDAY, 29 JUL 2011  |  NEWS
The government has released the draft legislation necessary to implement its carbon tax regime. The Clean Energy Legislative Package is seen as a "faithful" implementation of the policy articulated on 10 July by Prime Minister Julia Gillard. But one ...

Board capacity a key governance concern

RACHEL ALEMBAKIS  |  FRIDAY, 29 JUL 2011  |  NEWS
Institutional investors have flagged the issue of board directors' capacity as a key governance issue. While neither investors, advisory groups, nor the directors believe there should be a hard and fast rule for the number of directorships that can ...

Citibank Australia appoints Samantha Mostyn non-executive director

RACHEL ALEMBAKIS  |  FRIDAY, 29 JUL 2011  |  NEWS
Citibank Australia has appointed Samantha Mostyn non-executive director of Citigroup Pty Limited, the legal entity which trades as Citibank in Australia. Mostyn was a member of the senior executive team at Insurance Australia Group from 2002-2008. She ...

Chartered Secretaries advise EU to use comply or explain codes

RACHEL ALEMBAKIS  |  WEDNESDAY, 27 JUL 2011  |  NEWS
Chartered Secretaries of Australia (CSA) have advised the European Commission (EC) to adopt a "comply or explain" principles-based approach to corporate governance. CSA is responding to a green paper on corporate governance codes published by the commission ...

Sustainability a key theme for investor awareness

RACHEL ALEMBAKIS  |  WEDNESDAY, 27 JUL 2011  |  NEWS
Sustainability and major sovereign default are two key themes investors need to be aware of, according to Tim Hodgson, senior investment consultant and head of Towers Watson's Thinking Ahead Group. "Sustainability is not a problem for the next three ...

Social risk: the impact on the Australian cattle industry

RACHEL ALEMBAKIS  |  FRIDAY, 22 JUL 2011  |  NEWS
The Australian cattle industry has been whiplashed by the effects of a five-week-long suspension of live export of cattle to Indonesia. The suspension was prompted by the public outcry after broadcaster ABC showed instances of animal cruelty at Indonesian ...

ANZ files report for United Nations Global Compact

RACHEL ALEMBAKIS  |  FRIDAY, 22 JUL 2011  |  NEWS
ANZ Bank has filed its first annual report to the United Nations Global Compact (UNGC) since becoming a signatory in 2010. The UNGC is a voluntary business initiative in which signatories commit to aligning their operations and strategies with 10 human ...

Mercer's global head of responsible investment business recognised

RACHEL ALEMBAKIS  |  FRIDAY, 22 JUL 2011  |  NEWS
Jane Ambachtsheer, partner and global head of Mercer's responsible investment business, has been recognised as the honorary recipient of the Social Investment Organization's 2011 Canadian SRI Lifetime Achievement Award. The Social Investment Organization ...

Carbon tax regime to affect liability for joint ventures

RACHEL ALEMBAKIS  |  WEDNESDAY, 20 JUL 2011  |  NEWS
The government's proposed carbon tax regime will affect the way liability for carbon emissions is distributed between joint venture participants, according to an analysis by attorneys at Allens Arthur Robinson. Grant Anderson The carbon tax will cover ...