Staff at the Australian Securities and Investments Commission (ASIC) reported critically low levels of satisfaction and motivation in a 2023 culture survey, as reported by the Australian Financial Review (AFR).
The report, which was made public through a senate inquiry, showed that ASIC achieved "average" or "desirable" on just two of 12 outcomes. The AFR had previously sought the results of the survey after a whistleblower report described them as "dire." However, ASIC pushed back, arguing that releasing the results would have a “significant adverse effect on the management of ASIC staff members.”
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