Perks under pressure

Article Abstract:

Corporate reformers in Australia are pursuing an unrelenting policy of undisclosed expenses and fringe benefits, which are executive excesses. Some annual reports of big companies are now disclosing the non-cash benefits of directors, but even these disclosures are unclear, as the important and relevant details are buried deep in the company accounts.

Reporting & Disclosure, Analysis, Corporate governance, Financial statements

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Whey in front

Article Abstract:

The innovative process of extracting lactose from whey that was developed by a joint venture between the University of Western Sydney, Food Science Australia and Dairy Australia is discussed. The process has been patented in 1999 and licensed to French separation technology company, Applexion, in 2004.

Joint ventures, Colleges & Universities, Colleges, Universities, and Professional Schools, Manufacturing processes, FOOD AND KINDRED PRODUCTS, Dairy Products, Colleges and universities, Innovations, Food industry, Universities and colleges, Production processes, Dairy industry, Dairy products industry, Materials, Company joint venture, Lactose, Food and beverage production/distribution software, Dairy Australia, Food Science Australia

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ANZ's horror loan

Article Abstract:

The cheating of John Fakhoury, a Sydney based businessman who wanted to build his business very quickly, on ANZ Banking Group which lent him up to $50.953 million, is discussed.

Commercial Banks, Financial management, Police Protection, Fraud, Banking industry, Finance, Company investment, Investments, Cover Story, Businesspeople, Australia and New Zealand Banking Group Ltd., Company financing, Fakhoury, John

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