Today
- Updated
- Murdoch family case
Rupert Murdoch loses bid to cement Lachlan’s control over News Corp
The billionaire business mogul, 93, had asked a Nevada court to change a family trust to have his eldest son oversee the media empire after his death.
- Sam Buckingham-Jones
Yesterday
- Updated
- Executive shake-up
ANZ investors see new chief executive Nuno Matos as a clean slate
The bank appointed the former HSBC wealth boss to succeed Shayne Elliott over internal candidates. The Portuguese banker, 57, will take up the job next year.
- Updated
- Lucas Baird and James Eyers
This Month
- Analysis
- AGM season
Wine, coffee and shortbread biscuits: Inside this year’s AGM season
“Why can’t you pay dividends in gold instead of cash?” one investor asked the mining company’s board. “I want to hang a chunk from a necklace.”
- Mark Wembridge
- Opinion
- Opinion
Corporate advocacy isn’t passing the pub test
Controversy over business hand-wringing about Australia Day shows why taking public stances is fraught.
- Patrick Langrell
Architect of Murray inquiry says banks can be agents of growth
David Murray is still railing against a “one-size-fits-all approach” to governance, which he says has forced banks to drop gas clients and let private credit sneak in.
- James Eyers
Australia’s 50 highest-paid CEOs in 2024 revealed
Macquarie Group’s Shemara Wikramanayake is Australia’s best-paid CEO for the fourth year in a row.
- Patrick Durkin
Banks, insurers told to work harder to prevent financial abuse
A committee chaired by Labor senator Deborah O’Neill has tabled 61 recommendations to reduce the insidious practice.
- James Eyers
MinRes asks for gag order on former executive to be lifted
The request, agreed to by the Federal Court, means the company’s board can obtain its own advice and regulators can access previously confidential documents.
- Mark Di Stefano
ASIC slams insurers for gaping holes in complaints systems
“We are extremely disappointed with what we found here,” ASIC commissioner Alan Kirkland said, putting IAG, QBE and Suncorp on notice.
- James Eyers
Cbus’ Swan has ‘serious questions’ to answer: Coalition
Fundamental transparency and accountability failings at the industry super fund may yet claim the scalp of its chairman.
- Michelle Bowes, Joanna Mather and Lucy Dean
Tesla’s Denholm misled investors about ruling on Musk’s pay: judge
The Delaware court, which ruled against the Tesla chief executive’s $155 billion pay packet, says the carmaker’s chairwoman made “false” statements.
- Paul Smith
‘Failings’ in Cbus’ best financial interests duty: Deloitte
The independent review has slammed the Cbus board’s lack of compliance with the best financial interests duty test.
- Updated
- Michelle Bowes
- Opinion
- Chanticleer
Super sector’s problems are much bigger than Cbus
The damning review of governance at CBUS shows while industry funds have led the way in gathering and growing assets, they now need to play governance catch-up.
- James Thomson
How Cbus’ big party year went horribly wrong
It’s not the biggest or the worst performing of the super funds. So why has Cbus become the poster child for the $4 trillion sector’s problems?
- Hannah Wootton
November
Board purge at MSO, chairman and three directors to go
Four directors of the troubled orchestra will retire, and delays caused by legal action mean Peter Garrett will no longer review its governance.
- Updated
- Michael Bailey
Crumlin had ‘extensive experience’ in super before getting Cbus job
Construction industry super fund chairman Wayne Swan has defended CFMEU-appointee Paddy Crumlin’s suitability to help oversee its $94 billion in retirement savings.
- Hannah Wootton
How IAG boss Nick Hawkins weathered the perfect storm
In the past four years, the CEO of the $20b insurance giant has battled both cyclonic conditions and swirling regulators and politicians.
- James Eyers
- Opinion
- Chanticleer
Founder problems? Pull the other one. Founder stocks are flying
Look at the companies whose shares have hit all-time highs this week and what do you see?
- Anthony Macdonald
Embattled Ellison a no-show at MinRes-backed Delta AGM
Billionaire MinRes founder Chris Ellison avoided Delta Lithium’s shareholder meeting after quitting as chairman of the mining junior on Monday.
- Mark Wembridge and Elouise Fowler
Macquarie fined $25m in UK after false trades
The UK’s Financial Conduct Authority fined Macquarie millions after a junior trader booked hundreds of false trades to cover up losses.
- Jonathan Browning
