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Showing 1 - 10 of 21 results for "Poor culture"

EISS Super finds merger partner in Cbus

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
... interests. The fund was due to merge with TWUSUPER but after the news broke of its questionable expenditures and poor culture within the fund following its failure of the performance test, the plans were dropped. EISS Super chair Peter Tighe said discussions ...

More departures at EISS Super

JAMIE WILLIAMSON  |  MONDAY, 20 SEP 2021
... Alex Hutchison following failure of the inaugural APRA performance test and media reports of frivolous spending and poor culture at the fund. In the days that followed Hutchison defended his tenure, saying he is proud of his record at the fund.

Former super fund chief defends tenure

JAMIE WILLIAMSON  |  THURSDAY, 16 SEP 2021
... Super performance test. Following that, the Sydney Morning Herald reported claims from unnamed former employees of poor culture, frivolous spending, and conflicted business arrangements at the fund. Now, Hutchison has hit back, saying plans to step away ...

Frontier zeroes in on poor culture

KARREN VERGARA  |  THURSDAY, 11 MAR 2021
Frontier Advisors is putting investment managers on notice, warning them to expect a tougher appraisal of how they manage cultural and governance issues. While it has always assessed and considered culture when it formulates manager ratings and recommendations ...

The real cost of a bad chief executive: AICD, ACSI

ELIZABETH MCARTHUR  |  THURSDAY, 10 DEC 2020
New research has revealed the true cost of a toxic chief executive to a company, indicating that poor culture from the top can permeate an entire organisation. The report, produced by the Australian Institute of Company Directors (AICD) and the Australian ...

Three advisers banned for non-financial crimes

ELIZABETH MCARTHUR  |  FRIDAY, 6 NOV 2020
... wholesale) wrote to the House of Commons outlining that the FCA views sexual harassment as misconduct which can drive poor culture in the financial services industry. First of the three, Mark Horsey was the sole director of a financial advice firm during ...

APRA forced to overhaul culture, capabilities

KARREN VERGARA  |  WEDNESDAY, 17 JUL 2019
The prudential regulator has been criticised for its poor culture, leadership and regulation of the superannuation sector following a landmark review that will force it to overhaul its entire structure. The Australian Prudential Regulation Authority ...

Zero tolerance approach to poor culture needed

KARREN VERGARA  |  MONDAY, 18 MAR 2019
The newly appointed lead of APRA's capability review is taking a no-nonsense approach to fixing poor behaviour and getting culture right. Monash Business School professor Graeme Samuel, who appeared at the 2019 Conference of Major Super Funds (CMSF) ...

Reforming bank culture rests on regulators: Silk

KARREN VERGARA  |  FRIDAY, 15 MAR 2019
... Appearing at the Conference of Major Super Funds, Silk was asked whether the big banks have the ability to change poor culture of their own volition. "I don't know where that faith will come from other than one source - and that's the regulators." But ...

Miscalculations delay remediation, more issues emerge: AMP

JAMIE WILLIAMSON  |  WEDNESDAY, 28 NOV 2018
... around what is acceptable and a lack of consequences resulting from inappropriate behaviour that has created AMP's poor culture. This has been compounded by underinvestment in risk, compliance and governance systems, he said.
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