Topic: Conduct & culture

Time to take a look behind the ‘social licence’ buzzword

The debate about the corporate ‘social licence’ and overhaul of shareholder primacy has confused directors about the action they need to take right now to comply with their duties while also leading to calls for law reform that may do more harm than good. What is the problem? Post-Hayne Royal Commission, one can barely go … Continue Reading

Results released from 2019 Reputational Risk Australia survey report

What does reputational risk mean to Australian organisations? Read our Reputational Risk Australia report to find out. When it comes to questions of reputation in the workplace, the shadow of the Hayne Royal Commission hangs heavy over major Australian organisations. In the year of Hayne’s landmark report on the conduct of Australian financial institutions, measuring, … Continue Reading

Measuring culture: It’s more than just about the vibe

Have you noticed people beginning to roll their eyes at the mere mention of ‘culture’? 2020 is fast approaching, offering a fresh start for entities thrust into the spotlight by the Hayne Royal Commission and scrutinised in the commentary that ensued. But culture is an elusive concept and, having poked and prodded at it throughout … Continue Reading

ASIC declares “watershed time” for companies to improve focus on non-financial risk

ASIC’s Corporate Governance Task Force today, 2 October 2019, issued its report on Director Oversight of Non-Financial Risk (NFR). The report’s findings underline the critical observations made by Commissioner Hayne in February this year on the widespread challenges faced by Boards and Senior Management in managing NFR. ASIC reviewed the practices of seven of the … Continue Reading

Industrial manslaughter: Do you have a culture of compliance?

This article was originally published by OHS Professional Magazine and is reproduced with permission. The recent trend towards introducing industrial manslaughter laws in jurisdictions in Australia significantly increases and changes the nature of the legal risk, and the satisfaction of legal duties, arising from a fatal workplace incident. It has recently been articulated that determining … Continue Reading

Spotlight on risk management: APRA commissioned self-assessments of governance, accountability and culture

APRA’s recently released Information Paper, regarding the recent self-assessments undertaken by financial institutions, indicates focus areas for APRA in the upcoming period of regulatory supervision. APRA called for self-assessments on a range of ADIs, insurers and super funds and asked those entities to assess their present capabilities in non-financial risk management as well as in … Continue Reading