FINDING A REAL BOARD!

FINDING A REAL BOARD! It was great to read in the Financial Review this week that Ben Gray, co-founder of private equity firm BGH, is seeking to have a quota of 50 percent of all Board members with real experience in the leadership and operation of businesses. He further advocates that, most preferably, this experience … Continued

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DOES THE SYSTEM REALLY WORK?

Yesterday the Supreme Court pass down a Judgement on an ASIC application to have a judicial enquiry into the behaviour of two liquidators.  The Judgement is scathing, not of the liquidators but of the applicant ASIC. The first and obvious point was the duration that the process took and whilst the Judge apologised for his … Continued

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AN INTERESTING FOLLOW ON

Further to my article last week it has been interesting to note that there have been a couple of follow on articles dealing with a separate, but similarly themed issue relating to the provision of services to government.  Interestingly as they unfold, and it is accepted that not all parties can be frank due to … Continued

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VALUE, WORTH AND COST

$100,000 is always a good number to grab most people’s attention with.  It’s big enough to be a number that really counts and yet small enough to get lost in bigger budgets, after all if you put a ‘K’ at the top of the dollars column it becomes $100, and regrettably that’s exactly what many … Continued

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LOSING INFORMATION OR DOCUMENTS INADVERTENTLY?

Interesting what happens in the quiet of January. With legislation the way it is today, most particularly the Privacy Act, one of the greatest fears of any business is waking up to find that information, documentation or other data has been lost, stolen, misplaced or inappropriately/unexplainably been replicated by another party.  Let’s face it Julian … Continued

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MERRY CHRISTMAS, ONE & ALL

As we rapidly arrive at the Christmas/New Year break roll and we all take the chance to catch our breath, rest and share time with our families I would like to take this opportunity to wish you all a very Merry Christmas and a safe, happy and prosperous New Year. I look forward to 2019 … Continued

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WHERE HAVE ALL THE OPTIONS GONE?

A long time ago, after much flurry and excitement I remember first reading the Harmer Report and its recommendations into changes to the insolvency laws.  It was even more exciting to watch as the new legislation came into being in 1993.  The new world order had arrived!In fact at the time our Firm was considered … Continued

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HANG THE GUILTY BASTARDS!

Oddly at the moment I find myself in control of a building company somewhat smaller than the one that’s drawing all the headlines.  I have been in the role only a matter of weeks prior to the more notable one.  So I was somewhat taken aback when I saw the Administrators ad offering the larger … Continued

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HOW MUCH IS ENOUGH?

Over the recent months, as has been noted in this Blog we have been commenting on the goings on at the Banking Royal Commission.  One key and growing concern was the potential involvement of the major accounting and legal advisory firms who, in the background, would have been advisers to both the banking sector, as … Continued

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