Increasing the independence of Boards may not be so good for shareholders, according to research conducted by Professor Renée Adams and Daniel Ferreira at The University of Queensland’s Business School
Increasing the independence of Boards may not be so good for shareholders, according to research conducted by Professor Renée Adams and Daniel Ferreira at The University of Queensland’s BusinessSchool. They found that the emphasis on independence supported the monitoring role of the board but limited its ability to advise effectively. “The dual role of boards in countries like the US and Australia complicates the relationship between management and the board. CEOs face a trade-off in disclosing information to the board – if they share information freely they can expect better advice,” they said.
Adelaide graduates trump Sydney counterparts
Entry level candidates in Adelaide are being offered greater and more attractive salary packages than their Sydney colleagues, according to research from Robert Walters. South Australia is experiencing strong business activity, according to Greg May, director of Robert Walters (South Australia), which is producing a very competitive employment market. “Graduate recruitment, for example, has been extremely strong and we have seen considerable increases in starting salaries. We have also seen numerous examples of graduates being offered more to stay in Adelaide compared to offers from interstate, including Sydney,” he said.
New HR director for Microsoft Australia
Microsoft recently announced the appointment of Rose Clements as director of human resources for Microsoft Australia. She replaces Mark Newton, who will be transitioning into a sales management role within Microsoft’s New South Wales public sector team. As director of human resources, Clements will be responsible for partnering with the Microsoft businesses to continue to develop and roll out human resources strategies and culture development programs within Microsoft. She will be based in Sydney and will report to Steve Vamos, managing director, Microsoft Australia.
