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
Employee records and privacy: employer ordered to pay $60,000 compensation for breach of employee privacy
Key issues:
An Australian employer was recently ordered, along with other remedial measures, to pay $60,000 compensation (including for ‘aggravated damages’) to 14 employees and former employees for breaching their privacy.
The decision of the Office of the Australian Information Commissioner (OAIC) on 28 May 2019 (‘QF’ & Others and… more»
Whistleblower reforms now a reality
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»
