AICD supports proposed Competition and Growth Taskforce restoring CAMAC functions

Thursday, 02 May 2019

The Australian Institute of Company Directors (AICD) today welcomed a proposal to restore the functions of the disbanded Corporations and Markets Advisory Committee (CAMAC) under a Treasury Competition and Growth Taskforce.

The AICD’s public position on the need for expert capacity to address a variety of corporate governance related issues facing the nation is long-held. Between its inception in 1989 and its abolition in 2014 CAMAC played an important role in the development of corporate law – identifying, explaining and analysing corporate law and market related matters. CAMAC demonstrated a significant degree of independence given its structure, the expertise of its members and legal committee, and its broad consultation on issues at hand.

The Australian Labor Party’s proposal to restore CAMAC’s functions under the proposed Taskforce, given the increasing complexity of corporate law in Australia, is a positive step.

The AICD takes a non-partisan approach to policy proposals. The Institute supports measures that bolster the capability of government in making decisions relating to corporate regulation.

The AICD is the independent and trusted voice of governance, building the capability of a community of leaders for the benefit of society. Our membership of more than 44,000 includes directors and senior leaders from business, government and the not-for-profit sectors.

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