In trying to be values-free (like physics & chemistry), business schools have succeeded in justifying amoral behaviour. No more! We’ve seen the results in the Banking Royal Commission.
Articles on Hayne Royal Commission
Displaying 21 - 40 of 55 articles
The push against brokers might be right in theory, wrong in practice.
There are things we can do, but the Economic Society’s poll finds that not all of them are part of the traditional economists’ toolkit.
Complaints that Hayne didn’t recommend big changes miss the point.
We get defensive when the social order we have become accustomed to is challenged. We attempt to protect ourselves through projection, denial, games, blame, or rationalisation.
American fantasy-comedy The Good Place has covered some surprisingly similar ground to Australia’s banking royal commission.
It’s far away from the cities and towns where banks and finance companies are really predatory, but it’s not where Hayne looked.
Bank shares soared 4% to 7% after the royal commission report. That could be because it will do them little harm.
In a letter to Morrison, Shorten said both houses should be recalled on March 5-7 and March 12-14. The sitting calendar has only 10 sitting days before the election.
While many Hayne’s recommendations are laudable and abolutely necessary, they are not sufficent to end of the regular cycle of appalling misconduct and inquiries.
Tying incentives to contribute to profits can give bad results, but we need to tie them to something.
Justice Hayne’s philosophy is diametrically opposed to the one the Coalition came into office with, yet it has embraced it and announced action.
The Morrison government has promised to establish a compensation scheme paid for by the financial services industry as it seeks to avoid damage from the banking royal commission.
Rebuilding trust is possible, but as the aftermath of the banking crisis in the UK shows, very difficult.
Evidence before the royal commission suggests Australian bank boards have been overpaid, underskilled and understaffed compared with those overseas.
The royal commission didn’t examine economic abuse. If it had it would have found there’s much banks can do.
A mismatch between Australian and New Zealand regulations means Australian taxpayers could be on the hook if a New Zealand bank fails.
With public hearings finished, insiders are making a last-ditch bid to either soften or sidetrack the final report of the banking royal commission.
Examination of the first deposit in what became Westpac tells us much about 1817, not all of it pleasant.
Proceedings at the banking royal commission suggest if it isn’t in the minutes of a board meeting, the board didn’t consider it. It makes the role of the company secretary critical.
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Sessional Lecturer, PhD (Management) Candidate, School of Management, RMIT University
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