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Showing 1601 - 1610 of 3231 results for "Governance"

FSU, FSC respond to interim report

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
... jobs diligently serving their customers were under extraordinary pressure to sell, sell, sell." The FSU said better governance, better regulation and better culture are the three major changes needed to clean up the sector. Self-regulation has failed ...

Frydenberg slams financial sector greed

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
... products and the culture of greed was embedded in remuneration practices and policies, coupled with deficiencies in governance and risk management. He went on to criticise the regulators, namely ASIC for seeking "negotiated outcomes" instead of pursuing ...

Banking remuneration practices to blame for misconduct

MICHELLE BALTAZAR  |  FRIDAY, 28 SEP 2018
... played a major role in the banking misconduct uncovered by the Royal Commission Inquiry, the interim report found. Governance and risk management practices failed to prevent the misconduct where a financial benefit was present for the individual or business ...

Hayne admonishes ASIC

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
... enforcement and regulatory framework with tougher penalties," Shipton said. As for APRA, which is charged with overseeing governance and risk culture, Hayne noted it hasn't taken public steps to pointing to any deficiency in the governance and risk ...

Industry fund announces new leadership

JAMIE WILLIAMSON  |  THURSDAY, 27 SEP 2018
... executive and has worked at the super fund for close to two decades. Prior to assuming the role, Wright was senior manager, governance and is also a former general manager, operations. NGS Super chair Dick Shearman said the fund's board is delighted ...

Diversity a material economic indicator: AXA IM

HARRISON WORLEY  |  WEDNESDAY, 26 SEP 2018
... management - around $714 billion - is "ESG-integrated" assets. "AXA IM is firmly of the view that environmental, social and governance (ESG) factors such as diversity are material economic indicators and is using diversity data to improve its own earnings ...

ASIC slams unacceptable reporting breaches

KARREN VERGARA  |  WEDNESDAY, 26 SEP 2018
... reporting and consumers compensation delays were due to financial institutions' inadequate systems, procedures and governance processes, as well as a lack of a consumer-orientated culture of escalation. ASIC therefore has to address two areas. The first ...

JCP appoints executive chair

KANIKA SOOD  |  MONDAY, 24 SEP 2018
... O'Brien replaces the incumbent (interim) chair Richard Balderstone, starting October 1. O'Brien will take on a dual governance and management role as JCP's executive chair. He will provide oversight and support to the senior management team and the broader ...

Industry body names first chief executive

JAMIE WILLIAMSON  |  MONDAY, 24 SEP 2018
... next phase of the strategy." The industry body is also welcoming two new board directors in Commonwealth Bank head of governance and assurance Jasper Poos; and Harold Lucero, founder of Lucsan - a regtech recently acquired by IRESS. Poos joins as part ...

Improve climate risk disclosure: ASIC

HARRISON WORLEY  |  FRIDAY, 21 SEP 2018
... risks like climate risk. Additionally, ASIC called for companies to develop and maintain strong and effective corporate governance to help identify, assess and manage risk, and consider ow best to comply with the law where it requires the disclosure ...