Directors have an ongoing legal responsibility to understand the company’s non-financial risks and the measures taken to manage them. This webinar takes you through the evolving ‘duty to monitor’ and its implications for board practice in commercial and not-for-profit companies.
Expiry Date - Saturday, 14 June 2025
Duration - 60
Five years ago, the Hayne Royal Commission into retail financial services drew public attention to the causes and consequences of failure to manage operation, compliance and conduct risks properly. Subsequent inquiries – into sectors ranging from mining to casinos to human services – have focused squarely on the board’s responsibilities when unlawful or unethical corporate behaviour harms the company and its stakeholders. Join Dr Pamela Hanrahan as she unpacks the evolving expectations of community, regulators and the law.
The webinar will cover:
- Community expectations, the law, and the board’s role in risk management
- Legal foundations of the duty to monitor
- Culture, process, information, and the management team
- The duty in the United States – sexual harassment at McDonalds
- The evolving duty in Australia – Star and the FAR
- Future directions: a duty to protect the community from corporate misconduct?
This new webinar, presented by the author of Directors’ Legal Responsibilities: A Handbook for Australian Boards (AICD, 2022), will sharpen your understanding of the current legal environment and enrich your engagement with this increasingly complex area of board practice.
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