The importance of corporate culture in improving governance and compliance
A speech by Greg Medcraft, Chairman, Australian Securities and Investments Commission at the Challenger Legal and Corporate Affairs team offsite (Sydney, Australia) 28 July 2016
Good morning everyone.
Thank you for inviting me to speak at your offsite about the importance of corporate culture in improving governance and compliance.
Good governance is one of the core elements of a positive organisational culture, and as I will talk about today, ASIC sees organisational culture as a significant driver of conduct within firms.
Today I'd like to you talk about three things:
- first, what is culture and why it matters
- second, the key drivers of culture, and
- third, the role of governance in ensuring that these are implemented in practice.