As customers, employees, and regulators increasingly look to hold business leaders to personal account for damaging misconduct, in the wake of perceived oversight failures, industry overseers themselves are now facing heightened scrutiny from injured consumers, aggrieved investors, and irate legislators. Leaders confront a new era of personal accountability.
Observations
Mar 24, 2023As a part of Australia's impending Financial Accountability Regime (FAR), financial firms will be required to withhold 40% of their directors' and top executives' bonuses for four years, then to be disbursed only if satisfactory conduct standards are met.
Observations
Mar 08, 2023In 2021, Singapore attracted a record-breaking $335 billion of new investment, reflecting it as a trusted global financial hub. But after the country's reputation was damaged by a series of high-profile scandals, the Monetary Authority of Singapore (MAS) has stepped up its focus on enforcement.
