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Inquiry Into Financial Products and Services in Australia
"On 25 February 2009 the Parliamentary Joint Committee on Corporations and Financial Services resolved to inquire into and report by 23 November 2009 on the issues associated with recent financial product and services provider collapses, such as Storm Financial, Opes Prime and other similar collapses ... "--P. vii.
Better Shareholders-better Company
"The participation and engagement of shareholders in the companies in which they invest occurs within the parameters of the delegated authority model of corporate governance. This operates on the basis that company directors are responsible for overseeing the direction and management of the company, which they have a fiduciary duty to undertake in the best interests of the company in accordance with section 181 of the Corporations Act 2001 (Corporations Act). Although the Corporations Act provides for shareholders to engage in direct decision-making in limited circumstances, such as amending the company constitution (section 136) or reducing share capital (section 256C), this control over setting the direction and overseeing management of the company rests with the Chairman and the board and implemented by company management under the guidance of the Chief Executive."--P. [3]
