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22 May, 2025

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      Board meetings ‘are not up to scratch’

      Nearly three-quarters of board members believe the board’s performance in meetings needs improvement, an expert...

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Tag: Australia

diversity disclosures

Aussie rules (on governance) ramp up diversity disclosures

The draft proposals, aimed at diversifying boards, have come under fire as being ‘too personal’ by some respondents.

Pwc tax

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

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.

Rio Tinto regional HQ in Perth, Western Australia

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.

Rio Tinto

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

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 Stock Exchange, ASX

Australian CEO pay scales new heights

Figures reveal that chief executive pay in Australia has reached record levels for the ASX 100.

Commonwealth Bank

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.

climate washing

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?

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