Tide of regulation is still coming in, directors warn

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

ANZ-Roy Morgan Consumer Confidence Bumping Along Average Levels

Original article by Roy Morgan Research
Market Research Update – Page: Online : 7-Oct-14

The ANZ-Roy Morgan Consumer Confidence rating for Australia fell by 1.0 per cent to 112.6 in the week ended 5 October 2014. Consumer Confidence has now been broadly steady for eight consecutive weeks, sitting around its long run average. There has been a 3.7 per cent decline in households’ perceptions about their current financial situation compared with 12 months ago, and a 2.4 per fall in households’ expectations of their financial situation in 12 months’ time

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Keeping it in the family on wane

Original article by Tim Boreham
The Australian – Page: 16 : 6-Oct-14

Australian Small Business Minister Bruce Billson will on 6 October 2014 issue new research by accounting firm Pitcher Partners. The study of 500 small enterprise owners from the baby boom generation shows that fewer than half aim to roll out succession plans that ensure the assets will be held by their children. This compares with an average 65% for the other 56 nations surveyed. Another finding is a growing trend among those who do want family ownership to consider female offspring as well as male

CORPORATES
PITCHER PARTNERS CORPORATE ADVISORY PTY LTD, AUSTRALIA. DEPT OF INDUSTRY

Top 100 company CEOs now scraping by on $4.8m a year

Original article by Andrew White
The Australian – Page: 17 : 18-Sep-14

The Australian Council of Superannuation Investors has released data showing that the CEOs of Australia’s top 100 companies received an average salary of $A4.84m in 2013. The remuneration of CEOs has fallen to its lowest level since 2003, although it remains 63 times average earnings. The survey, which was carried out by Ownership Matters, also shows that termination payouts for CEOs averaged $A1.83m in 2013, compared with $A3.8m in 2008

CORPORATES
AUSTRALIAN COUNCIL OF SUPERANNUATION INVESTORS INCORPORATED, OWNERSHIP MATTERS PTY LTD, AMP CAPITAL INVESTORS LIMITED, AMP LIMITED – ASX AMP, CSL LIMITED – ASX CSL, WESTFIELD CORPORATION – ASX WFD, WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Atlassian ranks as top workplace

Original article by Fiona Smith
The Australian Financial Review – Page: 5 : 12-Sep-14

BRW has announced the winners of its annual Best Place to Work awards. Employees of 137 Australian companies were surveyed by Great Place to Work. Atlassian Software has been named the nation’s best employer. Zrinka Lovrencic, the MD of Great Place to Work Australia, notes that companies on the list tend to have significantly higher productivity

CORPORATES
GREAT PLACE TO WORK INSTITUTE AUSTRALIA PTY LTD,{SPAC}ATLASSIAN SOFTWARE SYSTEMS PTY LTD,{SPAC}OPTIVER AUSTRALIA PTY LTD,{SPAC}SALESFORCE.COM,{SPAC}THE PHYSIO CO,{SPAC}COLEMAN BRANDS PTY LTD,{SPAC}SIDCOR PTY LTD

Scientists discover our ‘smart’ genes

Original article by Bridie Smith
The Age – Page: 3 : 9-Sep-14

Scientists have identified three genetic variations that are associated with intelligence. The study involved 12,600 people in Australia, Europe and America. The discovery of intelligence-related genetic variations is only the first step towards understanding people’s cognitive abilities, and further studies are needed

CORPORATES
QUEENSLAND BRAIN INSTITUTE

Consumer confidence improving

Original article by Shane Wright
The West Australian – Page: 8 : 4-Sep-14

There has been a one per cent increase in the number of Western Australians who anticipate an improvement in the state’s economy. Likewise, the latest consumer confidence data from the Chamber of Commerce & Industry of Western Australia shows there has been a five per cent fall in the number of people who anticipate that the economy will deteriorate. Meanwhile, state final demand declined by 0.3 per cent in the June 2014 quarter

CORPORATES
CHAMBER OF COMMERCE AND INDUSTRY OF WESTERN AUSTRALIA (INCORPORATED), AMP LIMITED – ASX AMP

ANZ-Roy Morgan Consumer Confidence Fails to Consolidate Recent Gains

Original article by Roy Morgan Research
Market Research Update – Page: Online : 12-Aug-14

The ANZ-Roy Morgan Consumer Confidence rating for Australia fell by 5.7 per cent to 108.5 in the week ended 10 August 2014. Consumer confidence is now back below its long-run average. There was a 9.1 per cent fall in households’ perceptions about economic conditions in a year’s time, and an 8.9 per cent fall in perceptions about economic conditions in five years’ time. The ANZ Bank still expects growth in consumer spending to remain moderate in 2014, before improving in 2015

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Odds against joint ventures

Original article by Joyce Moullakis
The Australian Financial Review – Page: 19 : 5-Aug-14

A survey of CEOs by PricewaterhouseCoopers (PwC) shows that 43 per cent of the Australian respondents intend to establish a strategic alliance or joint venture in 2014, compared with 28 per cent in 2013. Mike Sum of PwC notes that strategic alliances are becoming more popular in the business sector. However, he notes that such alliances often fail during the implementation stage

CORPORATES
PRICEWATERHOUSECOOPERS AUSTRALIA (INTERNATIONAL) PTY LTD, TELSTRA CORPORATION LIMITED – ASX TLS, SNP SECURITY SERVICES PTY LTD, WOOLWORTHS LIMITED – ASX WOW, VISA INTERNATIONAL, COLES GROUP LIMITED, WESFARMERS LIMITED – ASX WES, GE CAPITAL AUSTRALIA, AURIZON HOLDINGS LIMITED – ASX AZJ, SHANGHAI BAOSTEEL GROUP CORPORATION, AQUILA RESOURCES LIMITED – ASX AQA, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, WOOLWORTHS EZY BANKING, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, BBY LIMITED, VIRGIN MONEY (AUSTRALIA) PTY LTD, BANK OF QUEENSLAND LIMITED – ASX BOQ, WESTPAC BANKING CORPORATION – ASX WBC

Labour shortage to hit economy by 2030

Original article by Mark Ludlow
The Australian Financial Review – Page: 9 : 4-Aug-14

The Boston Consulting Group has issued its new "Global Workforce: $10 trillion at risk" report, which looks at 25 nations. It predicts that in Australia there will be an under-supply of some 2.3 million workers by 2030, based on an average labour growth rate of just 1.03% per annum until 2020. This will combine with continuing GDP growth of around 3% per year due to Australia’s wealth of natural resources. Boosts are needed to labour productivity, workforce participation, and investment in technology and innovation

CORPORATES
THE BOSTON CONSULTING GROUP INCORPORATED