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    Governance News 8 December 2021

    60 minute read (PDF Download)  08.12.2021 Mark Standen, Siobhan Doherty, Kate Hilder

    This issue includes coverage of key financial services developments including the release of the first independent review of the Banking Code since the Hayne Commission.  The issue also covers several key ESG developments including a report from the Australian Chapter of the Climate Governance Initiative, produced by the Australian Institute of Company Directors, on director attitudes to climate risk governance and the barriers and drivers of action on the issue and more…

    Full coverage of this weeks content is now available.

    Past issues are available

    read this issue
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    https://www.minterellison.com/articles/governance-news-8-december-2021

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    • In Brief | ACSI report highlights shortcomings in company engagement with First Nations people and offers guidance to companies on improving engagement practices.  ACSI CEO Louise Davidson makes clear that this is an area of concern for investors, given the potential financial and reputational damage that can result.  'Ultimately, substandard engagement can undermine a company’s long-term success and ability to operate effectively' Ms Davidson states
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    • Top Story | Independent Review of the Banking Code calls for banks to maintain Hayne Commission momentum
    • Top Story | Status update: Tracking progress against each of the Hayne Commission's 76 recommendations
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    • ASIC to 'routinely' tell directors about audit quality concerns? ASIC consults on proposed changes to its approach to communicating the findings of audit reviews
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