I am deeply honoured to be the President of Governance Institute of Australia for 2019.
This is a significant time to take on the role of President of Governance Institute.
In 2018 governance hit the headlines as the royal commission into banking exposed stark examples of misconduct, failed ethics and poor corporate culture stemming from a failure of leadership, governance and accountability. The APRA report highlighted that in an environment of continued financial success, two critical voices had become harder to hear — the ‘voice of risk’ (particularly operational, compliance and conduct risks) and the ‘voice of the customer’. This damaged the reputation of that entire sector, which we saw reflected in Governance Institute’s 2018 Ethics Index.