Importance of corporate culture
A speech by Greg Medcraft, Chairman, Australian Securities and Investments Commission at the AHRI Senior HR Leaders Forum Luncheon (Sydney, Australia), 5 April 2017
At ASIC, we are interested in the conduct of financial services organisations – and ASIC sees organisational culture as a significant driver of conduct within firms.
Culture is one of the major root causes of misconduct, so today I'd like to you talk about three things. First, what culture is and why it matters. Second, the key drivers of culture, and third, the role of firm values in setting and assessing culture.