Governance Directions Journal – November 2023
Volume 75 - Number 10
Interview: Dr Michelle Perugini — Taking the pulse on AI in health
Dr Michelle Perugini, who will be speaking on artificial intelligence (AI) as a game changer at Governance Institute’s National Public Sector Governance Forum on 21 November 2023, is at the forefront of using AI to advance medicine and promote women's health, but it’s a path full of challenges.
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Acting for You, November 2023
Governance Institute joined our #FixFundraising Coalition partners in writing to the Tasmanian Treasurer and South Australian Commissioner for Consumer and Business Services as both states are finalising the design of their new fundraising laws. TEQSA Cost Recovery Implementation Statement (CRIS) public consultation submission and more.
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Cybersecurity: The lessons from APRA’s stocktake
Information security gaps in identification, classification, and control testing. Shortcomings in third-party assessment and incident response planning. and Lack of internal audit oversight and inconsistent reporting to APRA.
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Navigating best practice privacy regulation: An international perspective
UK crackdown on websites that push consumers to share more data than they would otherwise wish to do. Data protection in the EU has been recognised as a fundamental right alongside the right to privacy and is an important component of EU privacy law and human rights law. Data scraping bots like ChatGPT can potentially access and store sensitive data, placing individuals and companies at significant risk.
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Australian treasury digital asset platforms consultation
In October, the Treasury released a new policy proposal aimed at regulating and licensing digital asset platforms in Australia. This article provides a summary of the key points in the consultation paper. Consultation responses are due by 1 December 2023.
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The pointy end of privacy: Addressing litigation risk ahead of Privacy Act changes
The litigation risk arising from data breaches is set to accelerate with foreshadowed changes to the Privacy Act 1988, including two rights of claim that are entirely new under Australian law. OAIC’s enforcement capability will be significantly enhanced, and ASIC has signalled its intention to bring enforcement proceedings against boards and C-suites where it sees serious failures to mitigate the risk of cyber-attacks. LK Law provides strategies for directors, officers and organisations to deploy in readiness for these privacy law changes and heightened litigation, liability and enforcement exposures.
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How Australian companies can prepare for the ISSB standards and mandatory climate-related financial disclosures
The ISSB Standards release represents one of the most significant shifts in sustainability reporting in recent years. Covering governance, strategy, risk management, metrics and targets, the Standards establish a consistent global framework, requiring companies to report on all relevant sustainability topics, not just climate-related ones. Effective leadership with strong and timely oversight is crucial for promoting robust and reliable sustainability reporting and future-proofing your reporting program.
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Working from home – Key considerations for employers
COVID-19 forced workplaces to implement remote working arrangements. Now operating in a post-pandemic context, many workplaces have implemented a hybrid approach to work, allowing their employees to work from both home and the office. In this article, we consider how employers should navigate the implementation of flexible working practices to ensure operational efficiency and employee satisfaction.
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CEO Memo: Project governance
It’s Public Sector Governance month at Governance Institute, where we look forward to welcoming members and attendees from government organisations across Australia to our annual forum in Adelaide. This year, we are extremely fortunate to have the Commissioner of the new National Anti-Corruption Commission, Paul Brereton to provide some initial insights just months into the role. The NACC is and will be a vital underpinning of good governance in the public sector by investigating corruption, managing conflicts of interest and monitoring interactions between ministers, public servants and other stakeholders. It will go a long way to restore public trust in government, which as our most recent Ethics Index has demonstrated, remains low.
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