The Governance of sport
April 2013 Issue 81
Another start to a sporting year, and the headlines have been mostly negative, whether it relates to the major football codes, cricket or indeed Olympic sports. The reviews undertaken after the Olympics and recently announced by the Australian Sports Commission have clearly focuses on improving corporate governance. A couple of quotes from a recent statement affirms this view: "While good...
Organisations on the move
Business Advisory
We'll get your business and your people set up, in place and ready forwork on time. Total Solutions For You We have expertise in professional relocation management andcommercial relocation services. We understand the wider issues, theneed for careful planning, detailed project management and clearcommunication with your staff. Our experienced team takes total responsibility for your relocation,leaving you to concentrate on...
Performance management
Expert Advice
The purpose of performance management is to improve performance. It is an ongoing process. It includes informal and formal discussions. Following on from our last column about staff retention, the performance review is a great opportunity for a team member and their manager to "get on the same page". Our Business Manager, Linda, has retained some wise words from a...
Avoiding divorce from beyond the grave
Estate Planning
The law is full of unusual cases. Here is a recent case that went all the way to the High Court. The Husband and Wife had been married since 1971. They both had children from previous marriages. Their wills left their respective estates to the children from their first marriages. However, the house they lived in was in the name...
Where do you want to see change?
Expert Advice
As the volume of information flowing through businesses increases approximately 50% a year*, there's no doubt controlling the costs of managing business critical documents is an increasingly formidable challenge. Yet one of the findings in a recent IDC survey of C-level and IT management showed that many of these executives assumed that their existing document management costs and consequences were...
Diversity equals good governance
Corporate Governance
A recent report out of Canada is again highlighting the importance of good governance of organisations by highlighting the connection between better corporate boards and financial results. At the Australian Institute of Company Directors, we have long argued the importance of good governance and that diversity in the boardroom is critically important in achieving good governance. Most recently, there has...
Concerned about a by Cassandra Emmett “going concern”?
Expert Advice
"Going concern" status is always highly desirable to both buyer and seller in a sale of business - because buying or selling anything commercial with no GST sounds great! However it is easy to forget that GST in a sale between two registered entities is a tax neutral outcome, because the purchaser pays 10% GST and gets it back from...
How effective is cloud computing?
Accounting
Small to medium sized businesses are finding ways to streamline their business operations by moving away from traditional on-site servers to internet based servers, a process known as 'cloud computing.' Cloud computing refers to the storage of information, applications and other business tools online. The hardware used for this information is stored in a remote location and managed by a...
Physical activity for health benefit
Expert Advice
Avoiding a sedentary lifestyle is critical to health and wellbeing. Unfortunately, the complexity of adult hood slowly causes exercise to move down our priority list. What if I told you, every time you complete a 30 minute exercise session you gain an extra week of an enhanced life? The national physical guidelines for Australians illustrates regular exercise is the key...
Staff retention
Expert Advice
This is a topic that never goes away - it just varies in terms of degrees. Now, more than ever, employers are up against huge competition to retain and motivate their good staff. Losing staff is costly to any organisation; in dollar costs, lost productivity, loss of corporate knowledge and general workplace disruption. Retention strategies are not one off actions...
Going overseas? Don’t forget to pack your estate plan
Estate Planning
With the rise in the value of the Aussie Dollar many people are considering taking advantage of the exchange rate and squeezing in some overseas travel. One of your pre-trip preparations should be: "REVIEW ESTATE PLAN" Did you know that the risk of dying while travelling overseas averages out to around 1 in 5000? Compare that to the annual chance...
Making green New Year’s resolutions
Document Management
We're all feeling the pressure to reduce our carbon footprint these days and what a better way to start the year than enacting eight simple changes to how staff print and manage documents in your office? 1. Rationalise your office equipment There is no longer a need to buy and run individual printers, photocopiers, scanners and faxes - a multifunctional...
The benefits of good governance
Corporate Governance
I wrote in a column in 2012 about the benefits that advisory boards can offer to smaller businesses. In this first column of 2013, I am revisiting this theme but on a broader scale, by looking at the importance of good governance for any type of organisation, including Not For Profit, Private and Public Sector organisations. There has long been...
Business: get me out of here
Expert Advice
Like sands through the hour glass, the eventual winding down of your business (or your role in your business) is inevitable. But even if your New Year's resolution is not to commence the move towards exiting your business, planning your escape should not be left until it is unavoidable due to age, health or circumstances. The best time to consider...
New insurance obligations for SMSF trustees
Accounting
The Federal government has recently introduced new measures to strengthen the regulatory framework in which self managed superannuation funds (SMSFs) operate. These new responsibilities commenced 7 August 2012 and apply to all SMSF Trustees. Insurance Needs A new consideration which must now become a focus for SMSF Trustees is the requirement to consider the insurance needs of all SMSF members...
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