Original article by Sally Patten
The Australian Financial Review – Page: 21 : 2-Jul-21
Analysis by the Australian Institute of Company Directors shows that women held 33.6 per cent of board seats at companies in the S&P/ASX 200 Index at the end of May. This compares with 30.9 per cent at the same time in 2020. However, the AICD figures also show that just 21 companies in the ASX 200 are chaired by women, compared with 18 in 2020 and 14 in the previous year. Lendlease director Nicola Wakefield Evans says action is needed to boost the number of women who chair blue-chip companies.
AUSTRALIAN INSTITUTE OF COMPANY DIRECTORS, STANDARD AND POOR’S ASX 200 INDEX, LENDLEASE GROUP – ASX LLC
Original article by Roy Morgan
Market Research Update – Page: Online : 10-Jun-21
Roy Morgan’s Annual Customer Satisfaction Awards have been impacted by the COVID-19 pandemic, but after rigorous examination of the data recorded from Australians during 2020 we are able to announce the deserving winners who have excelled with high customer satisfaction ratings despite the challenges of the pandemic. Nineteen of the 40 award winners are repeat winners backing up from a victory a year ago, while there are 21 new winners. Respondents name the companies they deal with in various categories across more than 30 industries, and rate how satisfied they are with them. Monthly Customer Satisfaction winners are cited in each category throughout the year, with the annual award going to the company with the most wins. Several companies scored a clean sweep of 12 monthly victories during 2020, including first-time winners Aussie Broadband and Health Partners, as well as back-to-back 2019 & 2020 winners Myer, The Reject Shop, Powershop, Bunnings Warehouse, Rebel, RAC and Defence Health. Costco also returned to the winners’ circle with an unblemished record in 2020 after last winning the annual award in 2017. The data that determines who wins comes from Roy Morgan’s Single Source survey, compiled from in-depth interviews with over 50,000 consumers from all around Australia.
ROY MORGAN LIMITED
Original article by Ben Packham
The Australian – Page: 1 & 4 : 6-Apr-21
Deloitte’s survey of global CEOs has found that 54 per cent of Australian firms had to downgrade sustainability initiatives during the COVID-19 pandemic, compared to 65 per cent of global respondents. Thirty two per cent of Australian CEOs reported that they intend to speed up sustainability initiatives in the next year, compared to 23 per cent of their global counterparts. Around 44 per cent of Australian CEOs stated that their environmental performance is aimed at meeting customer expectations, while 57 per cent view employee morale as a "key driver" of environmental policies.
DELOITTE TOUCHE TOHMATSU LIMITED
Original article by David Ross
The Australian – Page: 18 : 18-Jan-21
The Australian Securities & Investments Commission will crack down on phoenix activity in the corporate sector as the federal government winds back insolvency protections that were introduced in response to COVID-19. ASIC commissioner Diana Steicke says the corporate regulator has no evidence to suggest that this will lead to an increase in phoenixing; however, she says ASIC will keep a watch on high-risk company directors and pre-insolvency advisers who could potentially engage in such activity.
AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION
Original article by Glenda Korporaal
The Australian – Page: 13 & 18 : 18-Jan-21
Australian businessman Andrew Liveris says the incoming Biden administration is likely to pursue capital expenditure initiatives worth between $US2trn and $US4trn over the next several years. Liveris says this may generate opportunities for Australian companies, particularly in areas that are likely be a focus for Joe Biden, such as clean energy and associated infrastructure. Macquarie Specialised Asset Management chairman Tony Shepherd in turn says Biden administration’s stimulus program will be good for the global economy, including Australia. However, some business leaders have expressed concern about any move to roll back the Trump administration’s corporate tax cuts.
UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, MACQUARIE SPECIALISED ASSET MANAGEMENT LIMITED
Original article by James Frost, James Fernyhough, Tom Burton, Hannah Wootton
The Australian Financial Review – Page: Online : 7-Jan-21
The Commonwealth Bank is hoping to have 50 per cent of its Sydney and Melbourne staff back working in their offices by mid-January. However, with recent COVID-19 outbreaks in both cities, a company spokeswoman noted it is monitoring the situation and will adhere to guidance from the Victorian and New South Wales governments. The Victorian government has delayed by a week its proposed timetable for a return by workers to Melbourne’s CBD, while it has again made it mandatory to wear masks inside, including for office work. A Telstra spokesman says it will encourage its staff to continue to work from home if they can, while Melbourne-headquartered Medibank does not intend to open its office until February.
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, TELSTRA CORPORATION LIMITED – ASX TLS, MEDIBANK PRIVATE LIMITED – ASX MPL
Original article by Damon Kitney, Glenda Korporaal
The Australian – Page: 13 : 5-Jan-21
Company directors taking part in a round table discussion organised by the Australian Institute of Company Directors contend business should take the lead in trying to improve Australia’s strained ties with China. Penny Bingham-Hall, who is a director of BlueScope Steel, Fortescue Metals and Dexus, says there are very good personal relationships between Australian businesses and Chinese businesses, while Coles director Wendy Stops said "upfront criticism" is not the way to deal with China. Amcor chair Graeme Liebelt says there is a risk Australia could get "caught up in the crossfire" between the US and China.
AUSTRALIAN INSTITUTE OF COMPANY DIRECTORS, BLUESCOPE STEEL LIMITED – ASX BSL, DEXUS – ASX DXS, FORTESCUE METALS GROUP LIMITED – ASX FMG, COLES GROUP LIMITED – ASX COL, AMCOR LIMITED – ASX AMC, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA
Original article by Edmund Tadros Rohan Sullivan
The Australian Financial Review – Page: 13 : 13-Mar-20
Law firm King and Wood Mallesons and technology company Atlassian were among the major companies to send staff home on 12 March, due to concerns that staff may have been exposed to COVID-19. In the case of Atlassian, it closed its two Sydney offices after a service provider reported flu-like symptoms. Media company Nine also sent a small number of Sydney staff after it was disclosed that actress Rita Wilson and her husband actor Tom Hanks had been diagnosed with COVID-19; Wilson had visited Nine’s Willoughby campus earlier in the week.
KING AND WOOD MALLESONS ATLASSIAN CORPORATION PLC NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC
Original article by Jennifer Duke
The Age – Page: Online : 29-Jan-20
Corporate Australia has responded to the coronavirus by taking a range of measures to protect staff. UBS is among the firms that have asked employees to work from home for two weeks if they have recently visited China. This includes staff who attended the investment bank’s recent Greater China Conference or who travelled to China for the Lunar New Year. The Commonwealth Bank has advised staff to avoid all non-essential travel to China, and to Hubei province in particular.
UBS HOLDINGS PTY LTD, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA
Original article by Killian Plastow
The New Daily – Page: Online : 14-Jan-20
The average CEO of an S&P/ASX 100 company has probably earned more since the start of 2020 than the average worker will earn for the whole year, based on Australian Council of Superannuation Investors figures. Qantas CEO Alan Joyce, Australia’s top-earning CEO in 2018, received as much as 281 workers earning the average wage. Bonuses, which are viewed as ‘at-risk’ pay, account for much of the large amounts that CEOs receive. However, ACSI CEO Louise Davidson notes that over 50 per cent of ASX 100 CEOs received over 70 per cent of their bonuses in the 2018 financial year, suggesting to her that so-called ‘at risk’ pay is "not very risky at all".
STANDARD AND POOR’S ASX 100 INDEX, AUSTRALIAN COUNCIL OF SUPERANNUATION INVESTORS INCORPORATED, QANTAS AIRWAYS LIMITED – ASX QAN