The government doesn’t need to extend jurisdictions, or boost enforcement powers to prosecute corporations that have behaved dishonestly. The law for prosecution is there already.
Royal Commissioner Kenneth Hayne wants simpler laws, and he is prepared to start small.
Eddie Jim/AAP
Deep Saini speaks with Michelle Grattan about the week in politics.
Ken Henry on ABC 7.30 Thursday night. “We have not been able to satisfy customer expectations, nor community expectations. As I said, for that, we are deeply sorry.”
ABC
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.
The two were subject to scathing assessments in the report from.
commissioner Kenneth Hayne.
Tracey Nearmy/AAP
In a statement late Thursday, NAB said Thorburn would finish at the end of this month while Henry would leave the board once a new CEO had been appointed.
Kristen Bell, William Jackson Harper, Ted Danson, Jameela Jamil and D'Arcy Carden from The Good Place. The TV series’ navigation of ethics shares touch points with Australia’s banking royal commission.
IMDB
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.
McCormack acknowledges the big election challenges the Nationals face.
Joel Carrett/AAP
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.
If you are valued more for ends than means, you’ll cut corners with means.
Shutterstock
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.
It is just possible for the banks to regain our trust, but it won’t be easy.
Shutterstock
The royal commission didn’t examine economic abuse. If it had it would have found there’s much banks can do.
The Deepwater Horizon disaster in April 2010 killed 11 workers and caused the greatest environmental disaster in US history. Banking regulators can learn from the penalities introduced to motivate executive interest in putting safety first.
EPA/US Coast Guard/Handout
The Conversation played host to really important new ideas in 2018. Some will take years to develop. Others will never come to fruition. But they’re important.
Executive Director @ Australian Institute of Performance Sciences, Strategic Partner @ Swinburne University MedTechVic, and Visiting Fellow at the Institute of Public Policy and Governance at, University of Technology Sydney