1. We Need to Talk About the Royal Commission
In June, Company Director magazine released its award winning edition on the fresh lessons learnt from Rounds 1-3 of the Banking Royal Commission. The article covered: the role of the board, its oversight of management and risk, accountability, culture and incentives, plus the quality of decision-making by management and directors when under pressure are now under intense public scrutiny.
2. Would you put these people on your board?
If your board wants fresh ideas and digital skills, the answer must be yes. A new generation of millennial directors talks about the challenges they face and the issues they consider important.
3. The CBA APRA Report: “required reading” for all directors
The 111-page report, released on 1 May 2018, has been described by Treasurer Scott Morrison as “required reading” for every board member in the country. You can access the whole report here.
The report follows from an APRA inquiry into governance, culture and accountability within the CBA group initiated following a number of damaging public incidents involving the CBA, including most notably, the AUSTRAC anti-money laundering proceedings.
4. Australia's first female governor-general on leadership, learning and survival
“Across my life I’ve held some significant public roles and had some terrific opportunities and experiences, but on the whole, mine has been a pathway pretty typical of many women of my generation. It’s an Aussie story of the girl who grew up in the bush, went to the city to be educated — boarding school and university.”
Dame Quentin Bryce AD CVO reflects on her trailblazing journey... so far.
5. Directors, are you on top of these 7 finance fundamentals?
Financial sustainability is core to organisation survival and success. Senior directors offer their insights on financials that boards need to be across.
6. 7 questions to ask for your next board review
Planning a board review? In this extract from the AICD’s latest publication Reviewing Your Board, author Professor Geoffrey Kiel FAICD explains how to get the process right.
7. Reflections on APRA Report on CBA from Essential Director Update:18 keynote Graham Bradley AM FAICD
Bradley says, “The report by the Panel headed by former APRA chairman, John Laker, is the most compelling analysis of corporate governance at a major public company ever to be published. Indeed, its scope and public release are unprecedented. It will undoubtedly be influential in the approach and policies of corporate regulators around the world.”
8. Should directors brave a school board?
Social and reputational risk, increasing legal demands and greater scrutiny are making school governance more challenging for directors.
9. Hayne Royal Commission Interim Report: Summary for directors
The release of the banking Royal Commission’s three volume interim report was an important moment for governance. The AICD policy team provides an overview of the document, as well as its implications for regulation and directors more broadly.
10. Lindsay Tanner: How the Bombers Got Their Game Back
Essendon’s drugs scandal was a failure of governance amid increasing commercial pressures. Chair Lindsay Tanner explains how the board of one of the AFL’s oldest clubs turned things around.