
Unless the addiction to dividends can be kicked, Australia is likely to suffer a chronic shortage of capital investment and the corporate sector will not grow to the extent it should.
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If you are a company director and you have been aware of your duties under the 2006 Companies Act and you have been complying with them then you can be satisfied that you are acting within the law – if not, then you should review how you and your board operates to make sure that you are discharging your director’s duties correctly. […] Macquarie Bank is preparing to compensate potentially thousands of customers caught up in a financial advice scandal. The corporate regulator, the Australian Securities and Investments Commission (ASIC), has ordered the investment bank to contact 160,000 clients who may have lost money as a result of poor advice. It comes six weeks after the Commonwealth Bank began a compensation program for the victims of its multi-million-dollar fraud involving some of its financial planners. […] |
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