Tag: Australia
Probe into PwC tax scandal extends beyond Australia
Authorities are looking into the possibility of ‘offences in other jurisdictions’ related to leaks about confidential government information.
News round-up: this week in governance
Equality stalls Down Under; narcissistic CEOs; EY to poll partners on audit split; SEC pushes on with climate reporting introduction.
Rio Tinto chair Simon Thompson to step down in 2022
The board has faced intense criticism from investors since the company’s destruction of the Juukan Gorge rock shelters last year.
Australian parliamentary report slams Rio Tinto board and culture
Investigation concludes the relationship between the Rio Tinto board and CEO was a key factor in the Juukan Gorge scandal.
Governance week: Rio Tinto, ESG, climate risk, Aussie audit
Investors lead backlash against Rio Tinto over destruction of Aboriginal sites. Plus a warning from ecoDa on sustainability, and analysis of Australia’s audit market.
Rio Tinto CEO resigns following Aboriginal caves scandal
The announcement comes after investor pressure over the company’s destruction of the Juukan Gorge rock shelters.
Australian CEO pay scales new heights
Figures reveal that chief executive pay in Australia has reached record levels for the ASX 100.
Commonwealth Bank faces record fine over money laundering failings
Australia’s largest bank receives AU$700m fine for failings on money laundering regulation, thought to be the biggest civil penalty ever imposed in Australia.
Are directors courting legal action by keeping quiet on climate risk?
In Australia recently, shareholders filed legal action against Commonwealth Bank—it had allegedly failed to disclose climate risk accurately. Could this be the first of many such cases? How should directors report on climate change risks in the face of an uncertain future?
What’s behind the rise in shareholder class actions?
Many unhappy shareholders opt for class action to settle their grievances. But what role does an overconfident chief executive play in causing these?