Actuaries Institute Podcast

TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=e6fc8695-3f35-41c2-8de3-d67367cccf82DESCRIPTION:Ian Laughlin joins Barry Rafe to discuss their paper that will be presented at the upcoming 2021 All-Actuaries Virtual Summit in the Leadership and Professionalism Plenary titled “Was the misconduct identified in the Banking Royal Commission enabled by directors who didn't understand the complexity of the businesses they directed?On 8 May 2018 the Financial Review reported that a number of directors of AMP were stepping down because they no longer had the support of the institutional shareholders. The resignations were directly attributable to the fallout from the banking Royal Commission which revealed that the behaviour of financial services organisation often did not meet community standards and expectations. In some cases, such as the AMP there appeared to be conduct that broke the law.The board is responsible for the actions and success of the corporation and hence the composition of th