Company directors are being challenged like never before to keep a close eye on their corporate cultures. ASIC, APRA and more recently Prime Minister Malcolm Turnbull have all strongly emphasised the role that corporate culture plays in driving employee behaviour.
The single most significant event to jolt the business community into taking risk management seriously was the global financial crisis (GFC). That was over a decade ago. Today, economic conditions have evolved and while the risks may be different, they are no less urgent. Businesses face a future where technological resilience can make or break business models and innovation is a key to survival.
Jane Bowd heads the company secretarial team at ANZ Australia Wealth, which is responsible for the governance, compliance and board/committee operations of a group of 65 entities spanning the insurance, superannuation, managed funds and financial planning industries.