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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Recent News
Whistleblower reforms now a reality
By Andrew Tobin, Partner and Michelle Eastwell, Partner
Key issues:
Key issues:
The new Federal whistleblower regime has taken effect as of today, 1 July 2019.
The Treasury Laws Amendment (Enhancing Whistleblower Protections) Act 2019 (Cth) (Act) marks a major change in how Australian businesses are to deal with whistleblowing.
It is important that companies, who are yet to do so, get on the front foot… more»
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»
