With significant regulatory change coming into effect the
spotlight is staying firmly on culture, ethics and regulatory
compliance. An organisation’s social licence to operate
remains a priority for Australian businesses.
Throughout Australia we are seeing a sharper focus on
sustainable and socially acceptable business conduct, with
unethical behaviour being publicly pursued and punished.
The Royal Commission into Misconduct in the Banking,
Superannuation and Financial Services Industry revealed sweeping
shortcomings among many in the industry sparking political and
regulatory action to restore trust in the finance sector.
Regulators, particularly the Australian Securities and Investments
Commission (ASIC), will be resourced to increase investigative
activity, which we expect will result in an increase in
prosecutions and civil penalty proceedings. The publicity
surrounding these activities will in turn ensure that corporate
behaviour, culture and compliance will
