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Australia: What’s Next for Governance, Culture, Remuneration & Accountability?

Australia: What’s Next for Governance, Culture, Remuneration & Accountability?

by Starling Insights

Starling Insights Editorial Board

Dec 14, 2021

Observations
APRARegulatory TrendsCulture AssessmentsCulture for RegulatorsAs Above, So BelowManaging Culture & Conduct for Good GovernanceAustralia

In the last decade, the Australian Prudential Regulation Authority (APRA) has shifted its expectations markedly as regards the management of firm governance, culture, remuneration, and accountability (GCRA).

Tamara Scicluna, executive director at Australian risk management firm Rhizome, says the Hayne Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry served as a tipping point, accelerating scrutiny of GCRA issues.

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