Recently, LBS’s Associate Professor Suzanne Young was featured on ABC Radio 774’s Mornings. On the show, she spoke about how the two-strike rule works, and how Board spills can happen in the 2016 round of Annual General Meetings due to protest votes on Remuneration reports.
If you missed the report, listen to the full fragment here. Associate Professor Suzanne Young speaks around the 2:25:00 mark.
LBS Head of School Professor Paul Mather was an invited speaker and panellist at a symposium on Corporate Governance organised by the Institute of Directors in New Zealand and the University of Otago in Dunedin.
Were the directors asleep at the wheel? – This was the main question asked in the wake of corporate collapses such as Enron. Regulatory reforms emerged emphasising board structure such as independence, expertise and formation of committees. It has been more than a decade, so did reforms turn out to be yet another round of governance box checking which overlooked what directors are expected to do: apply independent thinking and knowledge in the best interests of the organisation? This symposium examined the importance of board culture and processes and what directors should do to meet shareholders’ interests. Paul provided a high level overview of the academic research to date and highlighted some of the key regulatory implications flowing from the research. In particular, he emphasised the need for regulations to also pay attention to processes rather than largely focus on structure. A robust panel discussion followed.
The other panellists were:
Michael Stiassny – President of the Institute of Directors in New Zealand.
Jan Dawson – Chair of Westpac New Zealand, deputy chair of Air New Zealand and an independent director of BECA, AIG New Zealand and Meridian Energy.
Colin Magee – Head of Conduct for the Financial Markets Authority in New Zealand.
On 29 April 2016, Associate Professor Suzanne Young, Head of LBS’s Department of Management and Marketing, was featured on ABC Rural Radio’s Victoria Country Hour. She spoke to the programme’s host about the class action Slater and Gordon is considering taking against Murray Goulburn, whether it would be possible for the entire board of Murray Goulburn to resign at once, and where the responsibility for a profit downgrade would ultimately lie.
Listen to the complete fragment on ABC Rural Radio’s website.