The Australian Prudential Regulation Authority (APRA) is calling for a ‘conflicts management culture’ from the board to business operations. Rome wasn’t built in a day.
As trustees, directors, responsible managers and employees become more aware of the extent to which conflicts permeate the industry and develop a conflicts management culture, the shifting political landscape will inevitably lead to further scrutiny and challenges to this culture.
Mark Bland discusses the new and enhanced conflicts management obligations and liability for superannuation trustees and directors.
To read the full article, please click here.
This article was first published in the August 2013 issue of Keeping good companies, the journal of Chartered Secretaries Australia.
For further information, please contact: