Original article by Annabel Hepworth, Andrew White
The Australian – Page: 23 : 21-Oct-14
A business leaders’ forum has heard that despite recent positive efforts by the Australian Government, the burden of excessive regulation is still increasing. Among the examples cited was the likely tightening of capital requirements for banks after the financial system inquiry hands down its report. It was also noted that many smaller companies are better served by abandoning a sharemarket listing and instead operating in the less restrictive privately-held sector. However others argued that corporate boards must adapt to changing values and expectations to remain relevant in modern society
CORPORATES
AUSTRALIA. FINANCIAL REPORTING COUNCIL, AGL ENERGY LIMITED – ASX AGK, MACQUARIE GROUP LIMITED – ASX MQG, RESERVE BANK OF AUSTRALIA, EVANS AND PECK PTY LTD, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIAN INSTITUTE OF COMPANY DIRECTORS, BANK FOR INTERNATIONAL SETTLEMENTS. BASEL COMMITTEE ON BANKING SUPERVISION, INSURANCE AUSTRALIA GROUP LIMITED – ASX IAG, COCHLEAR LIMITED – ASX COH, BEYOND BANK AUSTRALIA, COMMUNITY CPS AUSTRALIA LIMITED, EQUITY TRUSTEES LIMITED – ASX EQT, GROUP OF TWENTY (G-20), ARRIUM LIMITED – ASX ARI, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. CORPORATIONS AND MARKETS ADVISORY COMMITTEE