M6962 Management Advice and Related Consulting Services

In private, Top 500 a blast from the past

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Original article by Phil Ruthven
The Australian Financial Review – Page: 42 : 1-Sep-16

IBISWorld has compiled a list of Australia’s 500 largest private companies by revenue. The five biggest groups in this category are: Co-operative Bulk Handling with revenue of $A3,828 billion in 2015-16; 7-Eleven Stores ($A3,823 billion); BGC ($A2,973 billion); Teys Australia – a Cargill Joint Venture ($A2,914 billion) and Meriton Apartments ($A2,900 billion).

CORPORATES
IBISWORLD PTY LTD, CO-OPERATIVE BULK HANDLING LIMITED, BGC, 7-ELEVEN STORES PTY LTD, TEYS AUSTRALIA PTY LTD, MERITON APARTMENTS PTY LTD, VISY INDUSTRIES AUSTRALIA PTY LTD, TERRY WHITE GROUP LIMITED, SUTTONS MOTORS PTY LTD, GOOD GUYS, JB HI-FI LIMITED – ASX JBH, QUEST APARTMENTS PTY LTD, ANYTIME AUSTRALIA PTY LTD, ASI SOLUTIONS PTY LTD

CFOs not just finance gurus

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Original article by Misa Han
The Australian Financial Review – Page: 7 : 11-Dec-14

The role of CFOs is no longer limited to finance and accounting. A global survey of 178 CEOs, conducted by KPMG, shows that a third of respondents believe CFOs must expand their knowledge beyond accounting. Randy Wong, regional head of financial management at KPMG, says CFOs are nowadays expected to be involved in strategy development

CORPORATES
KPMG AUSTRALIA PTY LTD, NEW ZEALAND INSTITUTE OF CHARTERED ACCOUNTANTS INCORPORATED, AUSTRALIA POST, GROUP OF 100 INCORPORATED, HAYS PERSONNEL SERVICES (AUSTRALIA) PTY LTD

Google, PwC’s global alliance

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Original article by Agnes King
The Australian Financial Review – Page: 3 : 29-Oct-14

Luke Sayers, CEO in Australia for global accounting firm PricewaterhouseCoopers (PwC), has announced a new alliance with web search engine services group Google. The latter’s enterprise MD in Australia, Kevin Ackhurst, notes that while both entities are still free to strike deals with the respective partner’s rivals as well, in some areas there will be an exclusive arrangement. The aim of the new collaboration is to offer consulting services to businesses affected by digital disruption. PwC will also resell and install Google’s Apps for Work suite of office software products

CORPORATES
PRICEWATERHOUSECOOPERS, GOOGLE AUSTRALIA PTY LTD, GOOGLE INCORPORATED, DELOITTE TOUCHE TOHMATSU LIMITED, QUATTRO SYSTEMS PTY LTD

Defusing the family conflict timebomb

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Original article by Damon Kitney
The Australian – Page: 20 : 16-Oct-14

The 2014 version of the "Family Business Survey" conducted worldwide by PricewaterhouseCoopers notes that just 33% of such enterprises in Australia have a shareholder agreement, while globally the average is above 50%. Consultant David Smorgon argues that the dismantling of the $A1.5bn Smorgon Consolidated Industries conglomerate in 1995 shows the value of an adequate governance process in dealing with family ownership issues. Another finding in the study is that relatively few local family business operators have plans to hand over to their children

CORPORATES
SMORGON CONSOLIDATED INDUSTRIES PTY LTD, PRICEWATERHOUSECOOPERS, POINTMADE PTY LTD, COOPERS BREWERY LIMITED

Report damns NBN Co’s corporate governance

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Original article by Anne Hyland
The Australian Financial Review – Page: 1 & 4 : 14-Aug-14

KordaMentha has been critical of the NBN Co board in its report on the entity’s corporate governance. The firm states in the report that directors who served on the board of the national broadband network roll-out manager between 2009 and September 2013 did not have enough experience and skills to manage Australia’s biggest infrastructure project. KordaMentha’s findings have been questioned in a letter signed by NBN Co directors Peter Hay, Gene Tilbrook, Harrison Young, Diane Smith-Gander, Siobhan McKenna, Terry Francis, Rick Turchini, Brad Orgill and Alison Lansley

CORPORATES
NBN CO LIMITED, TRANSFIELD SERVICES LIMITED – ASX TSE, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, KORDA MENTHA AND COLLEAGUES PTY LTD, ILLYRIA PTY LTD

PwC revenue soars after client overhaul

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Original article by Andrew White
The Australian – Page: 19 : 23-Jul-14

Luke Sayers, CEO of the Australian operations for global accounting group PricewaterhouseCoopers (PwC), has announced revenue growth of 7% to $A1.57bn for 2013-14. The healthy demand for its services among existing clients was supplemented by the strong contribution of the Booz & Company consulting firm, acquired during the year and now known as Strategy&. Sayers also noted that PwC is creating a new unit for digital change management advice, as part of a four-year restructuring push

CORPORATES
PRICEWATERHOUSECOOPERS|BOOZ AND COMPANY (AUSTRALIA) LIMITED|MGI MELBOURNE PTY LTD

Social media boo-boos: a how not to

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Original article by Kamal Farouque
The Australian Financial Review – Page: 37 : 25-Jun-14

Opera Australia terminated a contract with Georgian opera singer Tamar Iveri over an offensive anti-gay Facebook post. The incident highlights the issue of whether staff should be taken to task over their private affairs. Iveri’s homophobia would have damaged Opera Australia’s brand as well as many audience member’s ability to be drawn in by her performance. Social media breaches by employees are less clear-cut if the employer has a less prominent "brand", the employee lacks a public profile or the comments are less offensive

CORPORATES
OPERA AUSTRALIA, FACEBOOK AUSTRALIA PTY LTD, MAURICE BLACKBURN PTY LTD