The role of proxy and governance advisers in corporate governance. This project analyses the role of proxy and governance advisers in corporate governance in Australia and the USA. Its outcomes will clarify the nature and extent of proxy and governance adviser influence over the conduct of institutional investors and listed companies, thus allowing for a more informed debate on the need for regulation.
The Subversion of Contemporary Performance-Based Pay - A Comparative Australian-US Study. The key national benefit from the project will be the development of a more informed basis for analysing, and making policy and regulatory decisions about executive remuneration, which is a matter of great community concern in Australia. The project will assess key provisions in Australian and US executive contracts, providing important comparative information about the structure and operation of performan ....The Subversion of Contemporary Performance-Based Pay - A Comparative Australian-US Study. The key national benefit from the project will be the development of a more informed basis for analysing, and making policy and regulatory decisions about executive remuneration, which is a matter of great community concern in Australia. The project will assess key provisions in Australian and US executive contracts, providing important comparative information about the structure and operation of performance-based pay schemes. The project will also examine whether systemic problems exist in executive remuneration, The results will assist policy analysts in identifying directions for legal reform, to address problems of non-alignment of interests in executive remuneration, thereby achieving fairer outcomes. Read moreRead less
Australian Laureate Fellowships - Grant ID: FL200100007
Funder
Australian Research Council
Funding Amount
$2,634,900.00
Summary
The Financial Data Revolution: Seizing the Benefits, Controlling the Risks. We are at the beginning of a data revolution. This project aims to make Australia’s legal and regulatory systems fit to deal with the utterly transformative rise of data and its algorithmic analysis. The project will identify reforms to laws and regulatory approaches to reap the benefits and limit the major risks of this transformation. The project’s findings will inform law reforms and changes in regulatory approaches a ....The Financial Data Revolution: Seizing the Benefits, Controlling the Risks. We are at the beginning of a data revolution. This project aims to make Australia’s legal and regulatory systems fit to deal with the utterly transformative rise of data and its algorithmic analysis. The project will identify reforms to laws and regulatory approaches to reap the benefits and limit the major risks of this transformation. The project’s findings will inform law reforms and changes in regulatory approaches and theoretical understandings here and abroad. Findings will underpin reforms which, being largely bipartisan, should enjoy high prospects of implementation. Expected benefits include a substantial lift in economic growth, enhanced cybersecurity, and enhanced protections of consumer and individual rights. Read moreRead less
One Day, We'll All Invest This Way! Regulating Online Investment. This project will provide policy recommendations to promote national research priority 3: particularly goals 4 & 5. It will do this by using good regulation to increase the safety of online investing services. It will bring to Australia international expertise not available here, crucial to good regulation of online investing. If investors trust this mostly beneficial technology it will further Australians' prosperity through in ....One Day, We'll All Invest This Way! Regulating Online Investment. This project will provide policy recommendations to promote national research priority 3: particularly goals 4 & 5. It will do this by using good regulation to increase the safety of online investing services. It will bring to Australia international expertise not available here, crucial to good regulation of online investing. If investors trust this mostly beneficial technology it will further Australians' prosperity through investment e.g. for retirement. Competitive advantage through good regulation will bring overseas investors to Australia through the Internet. It will consolidate its role as a financial centre. With 51% of adults owning shares, this research could save Australians more than $1.6 billion per annum! Read moreRead less
The limits of disclosure: private rights, public duties and the search for accountable governance. A reliance on technical considerations such as enhanced disclosure, literacy programs and attempts to bifurcate between sophisticated and unsophisticated investors has each proved sub-optimal in the search for greater, or more accurately, effective accountability both here in Australia and internationally. The acceptance by the corporate sector to process risk allocation, develop a mutually endors ....The limits of disclosure: private rights, public duties and the search for accountable governance. A reliance on technical considerations such as enhanced disclosure, literacy programs and attempts to bifurcate between sophisticated and unsophisticated investors has each proved sub-optimal in the search for greater, or more accurately, effective accountability both here in Australia and internationally. The acceptance by the corporate sector to process risk allocation, develop a mutually endorsed formal and informal regulatory framework, and agree on clear and transparent roles and responsibilities marks a significant step forward. It is both significant and innovative that the design and implementation of the proposed strategic plan will derive from an extended exercise in deliberative democracy.Read moreRead less
Professions, Professional Standards and Capital Markets in the 21st Century: Regulatory Engagement, Design and Strategies. This project aims to advance academic knowledge of professional obligation within capital markets. The objective is to develop practical mechanisms to test and validate oversight programs designed to advance professional standards within the established professions of law and audit and those who aspire to that status (financial advisers and broker/dealers). The research uses ....Professions, Professional Standards and Capital Markets in the 21st Century: Regulatory Engagement, Design and Strategies. This project aims to advance academic knowledge of professional obligation within capital markets. The objective is to develop practical mechanisms to test and validate oversight programs designed to advance professional standards within the established professions of law and audit and those who aspire to that status (financial advisers and broker/dealers). The research uses an innovative conceptual framework that delineates rights, duties and responsibilities and measures capacity to deliver stated commitment to market integrity, thereby attending to the specific and pressing problems faced by the partner organisations. The project aims to provide warranted trust in the commitment of the professions to higher standards, thereby restoring market confidence.Read moreRead less
Developing a responsive regulatory system for Australia's small corporations. Small corporations employ approximately 50% of Australia's 10.5 million employed persons (ABS: Nov 2007). Promoting and maintaining small corporations is vital to the health of the Australian economy and the well being of society. This research will strengthen Australia's social and economic fabric by identifying, in consultation with regulators, industry leaders, government, the ideal regulatory environment for Aust ....Developing a responsive regulatory system for Australia's small corporations. Small corporations employ approximately 50% of Australia's 10.5 million employed persons (ABS: Nov 2007). Promoting and maintaining small corporations is vital to the health of the Australian economy and the well being of society. This research will strengthen Australia's social and economic fabric by identifying, in consultation with regulators, industry leaders, government, the ideal regulatory environment for Australia's small corporations. A responsive regulatory framework will enable small corporations to conduct business more efficiently and profitably allowing for and creating structures and processes for encouraging and managing innovation creativity in this vital sector.Read moreRead less
Corporate Governance in the Public Sector: An Evaluation of its Tensions, Gaps and Potential. This project aims to enhance corporate governance in Commonwealth public sector bodies (assets worth $125 billion), leading to better management of public resources and more effective public administration. It is a major theoretical and empirical analysis of corporate governance's impact on public administration from governance, management, and legal perspectives, drawing on private sector and internati ....Corporate Governance in the Public Sector: An Evaluation of its Tensions, Gaps and Potential. This project aims to enhance corporate governance in Commonwealth public sector bodies (assets worth $125 billion), leading to better management of public resources and more effective public administration. It is a major theoretical and empirical analysis of corporate governance's impact on public administration from governance, management, and legal perspectives, drawing on private sector and international comparisons. It will develop an integrated cross-government framework for corporate governance and customized guidance according to organisational type. The major outcome will be to advance knowledge of the multi-disciplinary basis of corporate governance in its applications within government, communicated through scholarly, governmental, and web-based resources.Read moreRead less
Regulatory responses to the global financial crisis: An Australian perspective. Disclosure underpins all capital markets regulation, but increasing transactional complexity and the way drafting is done reduce disclosure. Plain English Transaction Summaries will greatly assist investors to assess risk accurately and help markets to work. This legislation will enhance our capital markets efficiency and reduce contagion from foreign investments, thereby enhancing the resilience of our financial inf ....Regulatory responses to the global financial crisis: An Australian perspective. Disclosure underpins all capital markets regulation, but increasing transactional complexity and the way drafting is done reduce disclosure. Plain English Transaction Summaries will greatly assist investors to assess risk accurately and help markets to work. This legislation will enhance our capital markets efficiency and reduce contagion from foreign investments, thereby enhancing the resilience of our financial infrastructure. The second limb will serve to strengthen the financial architecture of our region. It will thus support the Australian economy (given our dependence on exports to the region) and will also promote our understanding of the region.
Read moreRead less
Measuring and evaluating performance in securities market regulation. The global financial crisis continues to generate ‘wicked’ problems of acute social and legal complexity. These have profound implications for the theory and practice of corporate governance and financial regulation. This project will map and evaluate the interaction of rules, principles and social norms to create accountable governance mechanisms.