CORPORATE GOVERNANCE

Locals fall short when it comes to annual reports

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Original article by Michael Roddan
The Australian – Page: 23 : 9-Jun-16

Research by KPMG shows that the annual reports of French companies average 310 pages, while Australian annual reports average just 155. Meanwhile, local companies’ consolidated financial statements average 70 pages, compared with 140 in Italy. However, the length of the remuneration reports of Australian companies tend to exceed the global average, comprising 28 per cent of their annual report. KPMG’s global survey also shows that just 14 per cent of Australian companies outline their longer-term business strategy in the annual report.

CORPORATES
KPMG

BHP under pressure over Brazil disaster

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Original article by Sally Rose, Steve Yolen
The Australian Financial Review – Page: 13 & 18 : 16-Nov-15

BHP Billiton’s Australian-listed shares fell by 10.8 per cent in the week ended 13 November 2015, extending the stock’s losses since 1 July to around 25 per cent. The latest sell-off was prompted by the tailings dam disaster at the Samarco iron ore project in Brazil. Principles for Responsible Investment MD Fiona Reynolds argues that Samarco joint venture partners BHP and Vale should respond to the disaster by linking their executive remuneration to the safety records of their mining operations.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, VALE SA, SAMARCO MINERACAO SA, PRINCIPLES FOR RESPONSIBLE INVESTMENT, AUSTRALIAN COUNCIL OF SUPERANNUATION INVESTORS INCORPORATED, AUSTRALIANSUPER PTY LTD, STANDARD AND POOR’S ASX 200 INDEX