ASIC has updated its internal governance framework and implemented a new accountability regime.
Strengthening governance and accountability measures are part of 魅影直播鈥檚 strategic change program and follow on from the recommendations of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.
The framework articulates how 魅影直播鈥檚 Commission collectively exercises its functions and powers to deliver 魅影直播鈥檚 statutory objectives.
The changes include:
- an updated committee structure to strengthen oversight of executive actions and assist the Commission in the performance of its responsibilities聽 聽聽聽聽
- accountability statements for Executive Directors and Commissioners that identify core responsibilities and individual accountabilities.
ASIC Chair James Shipton said, 鈥楾he update reflects the importance 魅影直播 places on transparency, regulatory integrity and effective oversight and management of its functions and responsibilities.鈥�