The heavy hand of law

Article Abstract:

An Australian marketing research showed that most public boards waste too much time in shielding their own interests. Though chief executives prefer directors who are respected figureheads, less likely to rock the boat with interference or second-guessing management, it is suggested that the boards need a cultural change that replaces group-thinking with individual free-thinking creativity.

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Risky business

Article Abstract:

The importance of supervising corporate tax risk is examined. The arguments of Ralph Evans of the Australian Institute of Company Directors, Glen Williams of Ernst & Young and Ross Doherty of KPMG against tax commissioner Michael Carmody's advise to the companies on this importance are presented. Gilbert & Tobin reports 63% of respondents in favor of Michael Carmody.

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Bankruptcy law threatens to beggar justice

Article Abstract:

The federal government has proposed changes to the bankruptcy laws, which has the ability to shake the foundations of the property laws as well. The proposed changes would lead to uncertainty in the business community and laws which seek to confiscate lawfully got assets from their rightful owners, should not be enacted in a democratic society.

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