Our latest review of corporate governance developments in Australia places charities in the spotlight, following another scandal involving underpayment of so-called “chuggers” (street collectors or “charity muggers”), checks progress in the banking sector since the parliamentary review and comments on the expenses furore that has led to the resignation of the health minister. By Malcolm Sealy, Australia Correspondent.
Good corporate governance must encourage innovation to drive productivity, which creates high profits, well-paid employment and social benefits
Culture drives behaviour in any organisation, for better and for worse. Banking culture is notorious for its competitive, short-termist, bonus-obsessed and at times ruthless nature. Having recognised the damage this culture has had on public image, top bankers tried, following the 2007 crash, to spark fundamental reform. We look at how effective their efforts have been.
The global pharma industry is evolving. Following high profile failures of mergers the pharma sector is choosing strategic alliances and focussing on specific fields to counter challenges of rising costs of new drug development and patent expiry.
Those of us with an interest in corporate governance will each have our own ideas about how the concept should be advanced, or indeed, how it is likely to develop. In this first article in the new blog, we look at 9 current influences on corporate governance developments.