From 1 July 2019, the new whistleblower provisions added to the Corporations Act 2001 came into effect, which the Australian Securities and Investments Commission (ASIC) believes will encourage more whistleblowers to come forward to expose corporate misconduct.
The Australian Prudential Regulation Authority (APRA) has announced that it is applying additional capital requirements to ANZ, NAB and Westpac, reflecting their higher operational risks.
This follows their self-assessments on governance, accountability and culture. The capital add-ons will apply until the banks have completed their planned remediation to strengthen risk management, and closed gaps identified in their self-assessments.
In front of a full house of 150 attendees, Governance Institute State Manager, Susan Bradbrook, and CEO Megan Motto welcomed the South Australian Premier, Steven Marshall, to deliver the keynote address at the Governance Institute of Australia’s annual Public Sector Forum, held at Stamford Plaza in Adelaide on Wednesday 26 June.