News Update
Month: Feb
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Last chance to participate in whistleblowing study
The Australian Government has recently introduced legislation to enhance whistleblower protections. Given that some of the world’s largest corruption investigations over the last decade have been instigated by information provided by whistleblowers, federal legislation and internal policies need to be more comprehensive in order to encourage employees to come forward with information concerning public interest wrongdoing.
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Fed orders Wells Fargo to improve its governance
The US Federal Reserve has ordered Wells Fargo’s directors to lift their game following ‘widespread consumer abuses and other compliance breakdowns’ at the San Francisco-based bank.
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ASIC warns of renewal scam
Scammers pretending to be from the Australian Securities and Investments Commission (ASIC) have been contacting its registry customers asking them to pay fees and give personal information to renew their business or company name.
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Strikes down but pay still a key focus at AGMs
Pay issues still dominated the past AGM season even though the Australian Securities and Investments Commission (ASIC) describes the mood as ‘significantly less tumultuous’ than previous years when it came to strikes on remuneration reports.
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How physical looks matter in the boardroom
A study by the European Corporate Governance Institute suggests that appearance may have an effect on how corporate shareholders view their directors, especially when it comes to director re-elections.
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Smaller financial firms lagging in cyber resilience
Organisations operating across Australia's financial markets are getting better at managing cyber risk, but there's still some work to be done, especially at the smaller end of town.