Barry Rafe
Australian company directors should be doing more to ensure their executives stick to the ethical values espoused at Board level if they want to avoid a repeat of the poor behaviours exposed at the Hayne Royal Commission.
Written by Barry Rafe, this issue of The Dialogue identifies a serious flaw in Board governance practices in large complex organisations.
“Boards need to espouse values that are realistic, can be put into practice, and be monitored by directors, but as important, Boards need to be aware of the potentially different values which drive the daily and strategic activities of their executive teams,” Mr Rafe said.
Mr Rafe is a former President of the Actuaries Institute and an expert on governance.