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Governance Directions Journal – February 2024

Volume 76 - Number 1

Feature article

Interview: Alan Duncan — What lies on the economic horizon?

According to Professor Alan Duncan, the director of the Perth-based Bankwest Curtin Economics Centre, many of the major economic and social themes that dominated the Australian landscape in 2023 will continue into 2024.

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Feature article

Using risk quantification to inform strategic decisions

Imagine the following situation: You are the CEO of a large organisation striving to obtain the board’s approval of next year’s budget. Bewildered by your pitch, the chair asks what your revenue forecast is, to which you unhesitatingly reply: ‘Why, it’s medium!’

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Journal

Cyber in 2023 and 2024: What we’ve seen and what’s to come

It’s been a big year in cyber — big changes, big breaches, big impacts. Much of what we predicted last year has happened. Here’s what we said, what happened, and what we see coming in 2024.

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Journal

The misunderstood concept of conflict of interest

In today's complex corporate landscape, non-executive directors (NEDs) bear a profound responsibility in steering organisations toward sustainable growth, ethical conduct, and stakeholder satisfaction.

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Journal

CEO Memo: Meeting 2024 with bold new plans

As we officially kick off 2024 at the Governance Institute, I am delighted to share with you our bold plans to take our education and training to the next level with the launch of our new Governance Academy.

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Journal

Acting for You, February 2024

Governance Institute made a submission to the Parliamentary Joint Committee on Corporations and Financial Services,released our Governance Guide on greenwashing, and made a submission to the Attorney-General’s Department on its Public sector whistleblowing stage 2 reforms public consultation.

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Journal

Launch of Governance Academy

Governance Institute Director and Education Chair, Professor Michael Adams FGIA(life), FCG and General Manager for Education, Mark Wilbourn held a webinar to discuss the vision and motivation behind the Academy and some of the exciting plans for the future.

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Journal

Intersectional: The next frontier in diversity

In March 2017, the world witnessed an iconic moment in the heart of Wall Street when the Fearless Girl statue was placed opposite the Charging Bull, symbolising a powerful ideological wave. This wave, advocating for more women in corporate leadership roles, was not only a matter of goodwill but also a strategic imperative.

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Journal

Developing effective stakeholder trust strategies

A plethora of company trust issues have been exposed in the last year. As a result, major brands have been subjected to searing scrutiny and suffered catastrophic reputational damage based on poor governance practices. This should be sufficient evidence to reinforce how critical stakeholder trust is to reputation and financial performance.

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Journal

Cyber security, privacy and data protection: Implications for directors’ duties you need to know

Australian company directors are facing an increase in responsibilities as we transition further into the digital economy.While developments in innovation and technological advances offer businesses lucrative opportunities to scale and thrive, the shift in the digital landscape has imposed additional obligations on company directors.

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Journal

The need for change: A scathing assessment of Australia’s corporations and financial laws

The Australian Law Reform Commission (ALRC) published a scathing assessment of Australia’s corporations and financial law, finding that it is no longer fit for purpose, describing it as unnecessarily complex, shrouded in obfuscation and obscurity and a legislative maze.

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Journal

How burnout can impact team and organisational performance

The term ‘burnout’ has been thrown around in board and executive meetings for some time, and increasingly since the pandemic. Burnout is a risk not only to performance, it can also lead to unwanted resignations and difficult attracting talent.

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Governance Directions Journal

December 2023