corporate governance

Hedge Funds

Gloomy forecast for Japanese corporate governance

A pessimistic view of Japanese corporate governance reforms was heard by prominent Australian institutional investors last night at the CFA Market Forecast dinner in Melbourne. Charles Yang, chief investment officer of T&D Asset Management and past chair of the CFA Institute Board of Governors, gave his assessment of the stewardship and corporate governance codes launched […]
Investment Strategy

AustralianSuper claims growing influence on ASX200 governance

Superannuation funds are winning their efforts to make Australian companies adopt long term thinking, according to Andrew Gray, investment manager, governance at AustralianSuper. Longer-term remuneration structures are coming into place and there is a greater acknowledgement of environmental sustainability and dangers. Part of the shift in behaviour is due to AustralianSuper’s growing ownership of ASX200 […]
Hedge Funds

Brandweiner: value universal ownership

As the Australian superannuation industry and its large players grow, the industry should be rethinking its role in the system from a longer term perspective, said Richard Brandweiner, newly appointed director of investment services at First State Super. Speaking at last week’s ACSI conference in Melbourne in a session on ESG-themed investing, he said his opinion […]
Administration

Super proxy votes gone astray

Outdated proxy voting systems mean that shareholder votes cast by superannuation funds on matters including executive pay and corporate strategy are at risk of being lost, say corporate-governance experts. Without system reform, proxy-voting errors from superannuation funds representing more than $1.3 trillion in working Australians’ capital are inevitable, says Dean Paatsch, director of Melbourne-based governance […]
Investment Strategy

Peter Morgan, market animal

Peter Morgan was sitting all alone to one side of a lecture hall at Melbourne Business School. He had just spent two days on Bells Beach and his skin was a dark brown that contrasted strikingly with his sun-and-salt bleached blond hair. When it came time for Morgan to address an audience of finance and […]