Managing corporate culture

Corporate culture – why does it matter?

In December 2017, a practical guide titled "Managing Culture - A Good Practice Guide" (Guide) was jointly produced by the Institute of Internal Auditors Australia, The Ethics Centre, the Chartered Accountants Australia & New Zealand and the Governance Institute of Australia.¹ In light of the heightened regulatory focus on corporate culture and conduct, this timely publication provides helpful and practical insights for all organisations on building and maintaining a sound corporate culture.

Regulatory landscape

Recent years have seen a noticeable decline in public confidence in financial institutions and an intensified regulatory focus on conduct issues. Most recently, a Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry was established, whereby the conduct, practices and behaviour of financial institutions will be scrutinised.