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About the Author
Martin Gold
Lecturer, Graduate School of Business, University of Wollongong
Martin Gold has had a career spanning 15 years in the investment industry. He is an experienced funds manager and investment analyst who has held senior analytical and managerial positions within financial institutions, investment houses and research firms. Martin co-authored the book Corporate Governance and Investment Fiduciaries (Thomson Lawbook Co, 2003). He has also published a number of articles concerning innovative investment products and the related fiduciary obligations of funds managers and trustees. Martin takes an active interest in interdisciplinary research and teaching, and is a contributor to a number of industry forums covering topical matters. His qualification include a Bachelor of Business, a Graduate Diploma in Applied Finance and Investments, and a PhD.
Articles Published
Showing results 1 to 1 of 1
Reform of Investment Organisation in Australia's Local Government Sector
The losses reported from the so-called sub-prime category, and the collateral damage suffered by some councils, has brought renewed scrutiny of their financial viability and the investment practices which ... Read moreThe losses reported from the so-called sub-prime category, and the collateral damage suffered by some councils, has brought renewed scrutiny of their financial viability and the investment practices which are employed across the local government sector. The diversity of prudential investment standards which currently apply in Australia also suggests that the investment policies expected to deliver optimal economic outcomes for rate payers require reform. In conjunction with the moves to address the financial sustainability of the sector, this paper argues that reforms are needed to standardise investment powers, empower councils to develop appropriate investment objectives, and to centralise funds management.
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