21 April, 2021

Solving deep problems with corporate governance requires more than rearranging deck chairs

What is really required to fix Australian corporate governance is wholesale change in prudential regulation, corporate law, competition law, and electoral law, writes Andrew Linden.

Melbourne, Australia. Image: f11photo / Shutterstock

As the Financial Services Royal Commission rolls on, it’s increasingly likely commissioner Kenneth Hayne will make sweeping recommendations about banking regulation and the governance of Australia’s largest corporations. New AMP chairman David Murray and the Australian Institute of Company directors are calling for changes to address the scandals, including loosening the ASX corporate governance code. But this misses what is really required to fix Australian corporate governance, which is wholesale change in prudential regulation, corporate law, competition law, and electoral law. In an attempt to stave off more thorough and perm

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ASX corporate governance code, Australian corporate governance, banking, competition law, corporate governance, corporate law, electoral law, Financial Services Royal Commission, prudential regulation