Corporate Culture and People Risk
'Corporations can be liable for failing to actively manage corporate culture/risk,' Criminal Code Act 2001 (Cth, Part 2.5, Section 12.3(2(c)-(d).
The Board challenge is to demonstrate proactive oversight of culture/risk.
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Governance Action Plan
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Recent News
When did ASIC become the expert on culture?
It was with great concern that I read the article about ASIC inserting organisational psychologists into the banking boardrooms. I am in support of the value of the organisational psychologists in assisting the Board, our products and systems are built on their expertise. I am just opposed to the regulator using organisational psychologists as a tool that is not reportable to the Board it is… more»
Conflicts of Interest and Disclosure
The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (Banking Royal Commission), as part of its inquiry, sought advice from Professor Sunita Sah from Cornell University, in the form of a research paper, on how conflicts of interest and disclosures of conflicts of interest can influence decision making. Professor Sah, an acknowledged expert in… more»
