Westpac has admitted to more than 23 million breaches of the Anti-Money Laundering and Counter-Terrorism Financing Act.
- Professor, UTS Business, University of Technology Sydney
The company’s value exceeds the GDP of many countries, but Apple has human rights, ethical and environmental problems to match in its vast supply chain.
Inequality is being driven by a focus on maximising shareholder value to the exclusion of other stakeholders.
The Australian public may be vulnerable to crime and terrorism directly funded through the Australian banking system.
The 44th president is now gone. What mark does he leave on his country?
Renewable energy could be considered a central part of Malcolm Turnbull’s innovation ‘ideas boom’.
The universal reform of the banking system will take more than another inquiry.
The new level of inequality that is emerging in Australia is not only a challenge to our morality but a serious threat to our future economic growth.
Australia’s Financial System Inquiry chairman David Murray dropped something of a bombshell in suggesting he may recommend the separation of Australian retail banking from investment banking. The carefully…
It clearly took some courage (and a lot of persuasion from powerful friends) to convince Ian Narev, the Chief executive of the Commonwealth Bank to respond to widespread demands and front the media with…
The Senate inquiry in the actions of the Commonwealth Bank and the Australian Securities and Investment Commission has drawn a line in the sand, holding the banks and financial advisers to account for…
The Coalition government is currently rehearsing a well-honed rhetoric on “everyone having to do the heavy lifting” to justify Treasurer Joe Hockey’s slash and burn budget on social services and pension…
It is tragic that New South Wales has lost an able and dedicated Premier apparently over a bottle of wine, even if it is a $3000 bottle of 1959 Penfolds Grange. Many will be sad to see Barry O’Farrell…
Publicly listed companies will need to disclose exposure to economic, environmental and social sustainability risks for the first time under new corporate governance guidelines released today. The principles…
Africa is the last frontier of a plundered planet, as argued by Oxford economist and Africa expert Paul Collier. When compared with almost all other regions of the world that have already been explored…
An overwhelming proportion of investors want the introduction of a rating system to identify poorly governed companies, according to a new survey. And over 80% of those polled said they would stay away…
US President Barack Obama is preparing to move on inequality after several long years of frustrated reform, if we are to believe his State of the Union address. This year, according to Obama, is a “year…
Microsoft is hunting for a new CEO, and five months after Steve Ballmer agreed to retire, the search continues. There are some key reasons why potential CEOs being considered for the post may think twice…
Next month BHP Billiton is set to oppose a bid for a position on its board by former coal executive and now environmental activist Ian Dunlop. BHP chairman Jac Nasser has told shareholders: “The addition…
The era of passive shareholding where investors patiently waited for companies to offer dividends (or simply sold their shares and moved on) is gone forever. Shareholdings are no longer largely distributed…
The astonishing idealism and energy manifest in the advance of Massive Open Online Courses (MOOCs) has taken the higher education world by storm. Universities have been shaken to their foundations by the…
Despite great aspirations and considerable effort towards attaining more women in leadership, progress over the last 10 years has at best been slow, as a recent report from the Australian Bureau of Statistics…
Australian companies have the lowest percentage of women in top executive roles compared to other countries with equivalent corporate structures, a new report has found. The 2012 Australian Census of Women…
Governments are forever immersed in the daily challenge of responding to what the former British Prime Minister Harold Macmillan once knowingly described as “events.” It was he who coined the resounding…
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