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Directors' remuneration is determined by 'the company' (CA 2001, s 202A). This rule is a default, or 'replaceable', rule and is usually replaced. As usual, the standard is that directors pay themselves. Australia has had a non-binding say on pay since the Corporate Law Economic Reform Program Act 2004 for its shareholders.
Directors' duties are a series of statutory, common law and equitable obligations owed primarily by members of the board of directors to the corporation that employs them. It is a central part of corporate law and corporate governance. Directors' duties are analogous to duties owed by trustees to beneficiaries, and by agents to principals.
The purpose of ASC was to unify corporate regulators around Australia by replacing the National Companies and Securities Commission and the Corporate Affairs offices of the states and territories. The corporate regulator became the Australian Securities and Investments Commission (ASIC) on 1 July 1998, when it also became responsible for ...
Each director serves a term of five years, with eligibility for reappointment at the end of this term. [7] Directors are expected to follow the ABC Board Protocol, which stipulates responsibilities, expectations, rights, and benefits. [7] The board maintains an Advisory Council, which advises it on matters concerning the Corporation's ...
Parks Australia (formerly the Australian Nature Conservation Agency and the Australian National Parks and Wildlife Service) is a division of the Department of Climate Change, Energy, the Environment and Water which supports the Director of National Parks in the management of six Commonwealth national parks, the Australian National Botanic ...
Branches of the IoD appeared in the Australian states in the 1960s. These branches were amalgamated in January 1971 under the Institute of Directors in Australia, an autonomous body affiliated with the IoD in the United Kingdom. The challenge of servicing state branches saw the emergence of the Company Directors Association of Australia in 1982.
The role of PM&C is to support the policy agenda of the prime minister and Cabinet through high-quality policy advice and the coordination of the implementation of key government programs, to manage Aboriginal and Torres Strait Islander policy and programs and to promote reconciliation, to provide leadership for the Australian Public Service ...
The Director, Transport Safety, who operates as Transport Safety Victoria, is the independent Government agency responsible for bus and marine safety in the State of Victoria, Australia. The position was created as a statutory office by the Transport Integration Act 2010 and the office commenced operation on 1 July 2010.