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On the 25 October 2016, four people tragically died in an accident on the Thunder River Rapids Ride (TRRR) at the Dreamworld Theme Park (Dreamworld). Dreamworld is owned and operated by Ardent Leisure Ltd. The Queensland Coroner’s Court undertook an inquest to review the circumstances and cause of the fatalities, with the final report handed down in February 2020.
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On the 25 October 2016, four people tragically died in an accident on the Thunder River Rapids Ride (TRRR) at the Dreamworld Theme Park (Dreamworld). Dreamworld is owned and operated by Ardent Leisure Ltd. The Queensland Coroner’s Court undertook an inquest to review the circumstances and cause of the fatalities, with the final report handed down in February 2020.
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What builds true decision-making resilience and sees a board through a crisis? It is the board’s ability to work together as a cohesive social group, especially when faced with making “the least worst decisions”.
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It would be a foolhardy board that would incentivise the company secretary by linking bonuses to matters such as financial performance as this could act as a significant deterrent to bringing matters of concern to the board’s attention.
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The highest concern at a board level is how to fulfil the fundamental legal ‘duty of care and diligence’ that rests on school board members.
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ATO announces changes to Company Director remuneration for June 30th 2020
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ATO announces changes to Company Director remuneration
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As the (virtual) ink dries on this (virtual) paper, there is shared Australian community outrage at the excessive, extensive and seemingly endemic bad conduct by employees of the major banks and finance houses. However, whilst loss of community confidence in institutions was once seen as the domain of large corporations, loss of community confidence in not-for-profit organisations and institutions is at an all-time high in Australia.
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