Creating and retaining a position of trust amongst community stakeholders has never been more important, or indeed complex, for corporate Australia.
In this edition of Across the Board, we reflect on discussions with more than 150 Directors on the intersection between trust and board accountability for non-financial risks. In particular, we discuss the introduction of modern slavery reporting legislation in Australia, the challenges it presents for board members and the importance of ‘getting it right’ as a means of retaining trust and a social license to operate.
We also dissect the findings and recommendations from APRA’s Prudential Inquiry into the operations and governance of CBA, as well as delve into topics around the cultural drivers of organisational performance, data privacy, and removing bias from board decision-making.
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