AICD to call high level meeting with regulators and senior directors

Thursday, 07 April 2016

The Australian Institute of Company Directors (AICD) will invite ASIC, APRA and Treasury to meet with company directors to seek common ground on boards and corporate culture.

“The AICD believes that directors creating and nurturing the right culture - or setting the right tone from the top - is crucial to an organisation’s success”, said John Brogden, the Managing Director & Chief Executive Officer of the Australian Institute of Company Directors.

“Directors know that they are responsible for culture first and last. Boards must be at the forefront of the culture of their organisation.

“We fully recognise that there are examples of egregious and unacceptable behaviour in some organisations. Current debate isn’t constructive and the best way to progress is for stakeholders to sit down and discuss the issues.

“Our sole objective should be to ensure that Australia’s corporate culture is the best in the world and works to the benefit of the community-at-large,” Mr Brogden said.

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