4 March 2019

Cybersecurity: reported data breaches surge almost 700% in 2018

As we mark the one-year anniversary of the introduction of the Federal Government’s Notifiable Data Breach (NDB) scheme, the headlines focused on cybersecurity breaches seem to be coming thick and fast. The attack in early February 2019 on the Australian Federal Parliament’s computer network, has been identified by Prime Minister Scott Morrison as the work […]

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4 March 2019

ASX Governance Recommendations

ASX Corporate Governance Council (the Council) launched its 4th Edition of the Corporate Governance Principles and Recommendations on 27 February after more than a year of consultation. It includes input from the nineteen diverse member groups of the ASX Corporate Governance Council, including associations representing the interests of shareholder groups (ASA) and listed companies who are communicating […]

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4 March 2019

Activism in February 2019

Activists fail in Pacific Dairies board spill  Activist investor Mustafa Hasan’s attempt to replace the board at Pacific Dairies has been voted down. Hasan and fellow shareholders Dursan Cansiz, William Clarke and Necmi Uysal requested the board spill in January. They proposed replacing Directors Paul Duckett, Ray Taylor, and Chris Egan with Rhett Morson, Ping […]

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31 January 2019

February reporting preview

We entered the last reporting season in August 2018 with a high degree of optimism. That optimism was very short-lived as markets experienced a sharp sell-off in August, with actual results falling short of previous forecasts. Subsequently, news headlines have kept investors in a pessimistic mood, examples being the ongoing Brexit uncertainty and the ever-present […]

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31 January 2019

The importance of being purposeful

A well understood and expressed corporate purpose drives long term value. This is why purpose, as a driver of profitability, was a central theme of the 2019 letter from Larry Fink, CEO of Blackrock, the world’s largest investment manager, to the Board’s and senior managers of companies Blackrock has holdings in. It has also been the […]

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