17 Sep CEOs REMAIN UPBEAT; BOARDS WARNED OF GROWING CYBER RISKS; WHAT TO KEEP IN MIND FOR AGM SEASON
Welcome to this week’s business and media intelligence, with insights collected over the past seven days by the Cannings Team.
RECESSION? WHAT RECESSION? CEOs REMAIN UPBEAT
- Despite being in the midst of a recession, business bosses are upbeat about their prospects coming out of the coronavirus pandemic. According to KPMG’s pre-budget “pulse check”, about half of the executives surveyed were optimistic about the future, with 38 per cent expecting a return to normal business within three months of COVID-19 ending. Read all the findings in The AFR.
BOARDS WARNED OF GROWING CYBER RISKS
- According to Vocus chairman Bob Mansfield, boards need to have visible accountability when it comes to cyber security. That includes knowing who is responsible for cybersecurity in their company, how often reports are relayed through to the audit and risk committee, and how often those reports are shared with the Board. Read more in The Australian.
INNOVATE WITH URGENCY — EVEN WHEN THERE’S NO CRISIS
- One benefit of the pandemic: innovators moved fast. So, as we look to the future, how can senior leaders create this same sense of urgency for other major innovations? Harvard Business Review’s Ron Ashkenas outlines three ways to instill a greater sense of urgency in innovation.
ASX COMPLIANCE UPDATE
- The ASX released a listed compliance update on 15 September which includes:
- Changes to the temporary emergency capital raising relief
- Issues of securities made under Listing Rule 7.1 class waiver cannot be ratified
- Updates to Listing Rules Guidance Notes 3, 4, 12 and 19
- Draft notices of meetings provided to ASX must incorporate amendments made to the Listing Rules made on 1 December 2019
WHAT TO KEEP IN MIND FOR AGM SEASON
- COVID-19 has had a huge effect on the economy and a wide-ranging impact on corporate earnings this year, with Commsec reporting aggregate earnings down 38 per cent. As we head towards AGM season, Cannings Director Craig Horlin outlines some of the topical issues that companies should keep in mind. Read the full blog post here.
COSMETIC INJECTIONS BOOMING
- Working from home has been good news for the cosmetic surgery industry, as people pay more attention to how they look in the age of Zoom meetings. According to SILK Laser, demand has lifted since June as people whose travel plans are wrecked by travel bans instead spend on making themselves look better. Read all about it here.
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