Conduct and culture risk – The new black
Cyber risk – so 2012 darlings! Get with the program – this season (and for many more to come…) it’s all about CULTURE.
Hot on the back of the scandalous 2018 Banking Royal Commission, the ASX has released its
proposed updates to the ASX Corporate Governance Principles and Recommendations. Click here to access a copy of the proposed 4th Edition (hyperlink located at bottom of page).
This means that organisations will be expected to adopt the recommendations commencing with the financial year ending either 30 June 2020 or 31 December 2020.
The proposed changes indicate a noticeable step change in the expectations around responsibility for conduct and behaviours in companies and the management and disclosure of in relation to non-financial and ESG risks.
We expect some excellent discussion on this topic at our RIMS Australasia Summit 2018 – No such thing as Business as usual.
Lights, camera ACTION!