Australia’s top 100 ASX listed companies are governed by boards that fail to reflect the nation’s cultural diversity and need to move ‘beyond the pale’, according to a new University of Sydney Business School report.
The list of regulations increases in size and complexity each year. CFOs are facing this challenge using their expertise, that of external consultants, and finally, considering the challenge from a talent acquisition perspective. Are these regulations a mere hurdle to be surmounted or a real opportunity to streamline operations?
Almost two-thirds of all fraud and economic crime came from external sources compared to less than half just four years ago. However, 60 percent of these crimes were committed by ‘frenemies” – someone close to the organisation, such as a customer, supplier, consultant or agent.
The speed at which technological innovation is transforming our daily lives is exceeded only by the impact it is having on businesses. The responsibility for overseeing this change falls on the world’s CEOs and it will be their response and decisions that ultimately decide the fate of the businesses they lead. What skills and values are the Board of Directors looking out for in 2018?
Cash payments are fast becoming a thing of the past. New research shows that the ease and security of waving a card, phone or even your wrist instead of carrying around cash is more popular than ever.
In reviewing charities’ financial reporting requirements in Australia, New Zealand, United Kingdom, Hong Kong, Singapore, South Africa and Canada, AASB’s research found Australia has the most complex regulatory environment for charities.