Summary This special report provides early information on changes to the tax rules affecting the collection of tax on benefits an employee receives from an employee share scheme. Benefits provided to an employee under a share purchase agreement are “employment income” for income tax purposes.

Key findings: 2015 saw the first collective net loss in the Top 40’s history (US$27B) Market capitalisation is down 37% negating all gains from the commodity super-cycle High debt sees some miners fighting for survival through asset fire sales Focus on costs continues, but so do economic headwinds 2015 was a race to the bottom...

In this paper I rectify and extend the market governance model of Holmstrom and Tirole (1993) to develop and test a number of hypotheses concerning board structure and incentives. The forced departure of "non-independent" directors from the boards of companies due to regulatory-induced pressure enables the testing of this new theory of corporate governance based...

This report outlines Australia's current regulatory framework for corporate governance, the role of shareholders in ensuring good corporate governance, the importance of effective communication between company boards and shareholders and the voting mechanisms through which shareholders enforce the accountability of company boards.