STAFF WRITER

Federal officials in the US, including Federal Reserve chairman, Ben Bernanke, will receive letters from Congress in the next couple of days requesting documents about their knowledge of performance bonuses paid to Merrill Lynch executives just weeks before federal money was allocated to the bank’s merger with Bank of America.

As many corporate executives draw public criticism for their governance practices, institutional investors should exercise their power to influence who is appointed to the boards of companies they invest in, and who remains on them, the chairman of Australia’s A$59.6 billion Future Fund, David Murray, said.

The distress in the financial markets is offering Australian superannuation funds good opportunities to achieve a higher internal rate of return (IRR) on quality assets purchased directly. Sam Magee, commercial director at Australian investment manager Industry Funds Management (IFM), told the Conference of Major Superannuation Funds (CMSF) held in Australia this week, that there are […]