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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