Corporate Governance Taskforce
Good corporate governance in the financial services sector is essential for a fair, strong, and efficient financial system for all Australians.
In August 2018 ÷ÈÓ°Ö±²¥ received funding to conduct targeted reviews into corporate governance practices of large listed entities to gain an insight on actual governance practices.
In its first year, ÷ÈÓ°Ö±²¥â€™s Corporate Governance Taskforce considered how directors and officers have overseen and managed:
- non-financial risk; and
- executive renumeration.
Director and officer oversight of non-financial risk report
Our report sets out our observations on director and officer oversight of non-financial risk. The report considers how directors and officers of large and complex financial services companies are discharging their duties in relation to oversight and monitoring of non-financial risk, and highlights ways that governance practices could be improved.