Page 3 - Mark Rigotti News Today

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Another federal budget in Canberra, where the only thing to loom larger than Treasurer Jim Chalmers was the firm that wasn’t there.

Tensions are rising over demands by investors, activists and the public for climate disclosure and the ability of firms and super funds to predict the future.

Women’s representation on boards stood at 36 per cent in the ASX 200 and 35.5 per cent in the ASX 300 at the end of February, according to AICD’s latest gender diversity report.

Of the biggest 300 listed companies in Australia, six do not have women on their board, according to the latest ACID report.

AICD on female directors: “We have to break the cycle at the development end”

ASIC chairman Joe Longo says the corporate regulator’s case against 11 Star Entertainment directors and executives will break new ground on whether directors in high-risk sectors can be held to a higher standard because of the “forseeable risks”.

Executives with strong risk management and cost-cutting skills as well as excellent communication are being sought after as the Australian economy slows down, making businesses and staff trickier to manage.

Leading directors caution against unfettered government spending and unsustainable debt.

“Yes” campaigners are asking big business to avoid the full-page ads and fancy fundraisers of past national votes.