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In challenging times, the quality of management is paramount to ensure that shareholders capital is well looked after, and companies can survive the battles. Solid fundamentals don't count for much if strategy can't be executed effectively and ethically. Lest we forget the Hayne Royal Commission into the banking sector. But what are the common traits of good management teams and where are some examples of the best in the business? In this episode we're joined by Anthony Aboud from Perpetual and Sean Fenton from Sage Capital - two fund managers who regularly meet with the top brass of our largest companies in the ASX. They map out the key things they look for in a management team so you can identify them yourself, before nominating their favourite management teams (and outline why) across financials, materials, retail, healthcare and technology. Note: This episode was filmed on Wednesday 8th June 2022. You can watch, listen or read an edited transcript below.
Having worked extensively across financial services and having successfully navigated an arduous royal commission into that sector, Scott Stierli knows how best to showcase one's importance to a business. On this episode of The Corporate Counsel Show, host Jerome Doraisamy is joined by REA Group executive manager (legal) Scott Stierli to reflect on how much legal work in financial services has changed in recent years, what it was like as an in-house lawyer during the Hayne Royal Commission and what lessons emerged from that inquiry. The pair also delve into striking the right balance between proactivity and reactivity when navigating regulatory evolutions, how best to evolve with counterparts across businesses in the new normal, and what a successful in-house lawyer in financial services will look like in the future. If you like this episode, show your support by rating us or leaving a review on Apple Podcasts (The Lawyers Weekly Show) and by following Lawyers Weekly on social media: Facebook, Twitter and LinkedIn. If you have any questions about what you heard today, any topics of interest you have in mind, or if you'd like to lend your voice to the show, email editor@lawyersweekly.com.au for more insights!
Thursday 22 April 2021 Financial advice is in the spotlight as the government announces a new inquiry three years after the Hayne Royal Commission. Also today: Retail sales surge, allaying fears of a slowdown in consumer spending. The entire board of Australia Post to face a Senate inquiry. And China’s man in Canberra calls Australia conniving. Find out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.
Guest: Scott Farmer, Principal of Bravium Duration: 18:08 Date: 9 March 2021 On this episode of “The Certainty Advice Podcast”, Jim continues to delve into the three years since the announcement of the Royal Commission into Banking and how those changes have altered the way we access advice in 2020. Today, Jim talks with Certainty Advisor and Principal of Bravium, Scott Farmer, as Job Keeper 1.0 comes to an end and other financial initiatives are withdrawn. Families across the country are learning to survive on smaller incomes. But is COVID revealing a silver lining with potentially better options? Scott reveals why he believes the Royal Commission was effective and why he thinks the Advice industry is still in start-up phase. There’s a lot to unpack in this episode... Enjoy!
Steve Burnham speaks to author Tom Ravlic about his new book Rorts and rip-offs, which has been tagged as the guide to protect your money from fraud, phishing and scams. After the Hayne Royal Commission, Tom penned Vulture City - How out bankers got rich on swindles, and this time trains his forensic eye on the business models of scammers.
In Episode 54, “The Game – It’s Completely Changed”, Blenheim Partners’ Gregory Robinson is delighted to speak to Kevin McCann AO, Chairman of Telix Pharmaceuticals Ltd and China Matters, Director of Evans Dixon Ltd and a Trustee of the Sydney Opera House Trust. He is a former Chairman of Macquarie Group Ltd and Macquarie Bank Ltd, Origin Energy Ltd, Healthscope Ltd, Citadel Group Ltd and ING Management Ltd.Kevin has had an impressive career influencing almost every business sector in Australia and along the way, has been prepared to challenge the establishment and champion new thinking. In this thought-provoking episode, Kevin shares his insights on the state of the Boardroom, Australia on the world stage, learnings from the Hayne Royal Commission, immigration and red tape.Kevin touches on the future direction of Australian business, the current economic climate and the challenge for Australia and where he sees Australia’s energy policy. He also discusses the key to business success, what a Chairman looks for in a Chief Executive Officer and his thoughts on diversity.Please note that this was recorded prior to the COVID-19 Pandemic.
TRANSCRIPT: https://actuaries.logicaldoc.cloud:443/download-ticket?ticketId=bc029c26-f441-4b6d-9811-964cab41fe1bDESCRIPTION: The collective impact of the Hayne Royal Commission, the summer bushfires and the ongoing COVID-19 pandemic has been well and truly felt throughout the general insurance space. In this practice update podcast, Win-Li Toh (Convenor) and Estelle Pearson, of the Institute’s General Insurance Practice Committee (GIPC), revisit these challenges and how they have shaped the future direction of the GIPC and the profession as a whole.ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst
TRANSCRIPT: https://actuaries.logicaldoc.cloud:443/download-ticket?ticketId=bc029c26-f441-4b6d-9811-964cab41fe1bDESCRIPTION: The collective impact of the Hayne Royal Commission, the summer bushfires and the ongoing COVID-19 pandemic has been well and truly felt throughout the general insurance space. In this practice update podcast, Win-Li Toh (Convenor) and Estelle Pearson, of the Institute’s General Insurance Practice Committee (GIPC), revisit these challenges and how they have shaped the future direction of the GIPC and the profession as a whole.ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst
TRANSCRIPT: https://actuaries.logicaldoc.cloud:443/download-ticket?ticketId=131c8150-29dd-4cce-b655-00e27f9293d2DESCRIPTION: Life Insurance and Wealth Management Practice Committee Convenor, Anton Kapel, is joined by committee member David Millar to discuss the latest news and developments from the LIWMPC, including the committee’s structure, its response to the Hayne Royal Commission, and the challenges posed to life insurers by COVID-19.ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst
TRANSCRIPT: https://actuaries.logicaldoc.cloud:443/download-ticket?ticketId=131c8150-29dd-4cce-b655-00e27f9293d2DESCRIPTION: Life Insurance and Wealth Management Practice Committee Convenor, Anton Kapel, is joined by committee member David Millar to discuss the latest news and developments from the LIWMPC, including the committee’s structure, its response to the Hayne Royal Commission, and the challenges posed to life insurers by COVID-19.ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst
Johh Bottomley and Brendan Byrne are the two authors of the recent research report released by the Finance Sector Union called 'Justice Tempered', which is an examination of the impact of a profit based culture on employees in the financial services sector. The approaches John and Brendan suggest in this podcast as a way of solving cultural issues in banks and one that will depend on the willingness of people in Canberra and within the banking sector to think very differently about the issues presented before the Hayne Royal Commission. See acast.com/privacy for privacy and opt-out information.
The Finance Sector Union's national secretary Julia Angrisano, speaks about the recent report released by the union looking at the impact of key performance indicators for staff on health and morale of employees. While the Hayne Royal Commission delivered some findings that sought to highlight greed there are problems that remains. The FSU welcomes recent moves at the NAB aimed at greater professionalisation of bank staff but Julia Angisano believes more needs to be done across the sector. See acast.com/privacy for privacy and opt-out information.
Dan Ziffer covered the Hayne royal commission for ABC radio, TV, and online. He was formerly the long-time senior producer of 'Mornings with Jon Faine', at ABC Radio Melbourne, and has worked on air and in production at Macquarie Radio, as a freelance foreign correspondent based in New York City, a journalist at The Age, and as a magazine editor. In ‘A Wunch of Bankers’, Dan Ziffer bring out the colour and grit of the royal commission's proceedings, and explores broader issues raised by the testimony. A mixture of analysis, reportage, and observations, it is densely researched and compellingly written’. In addition to the book Dan discusses the changing stance of regulators, and what’s expected in 2020.
Shroogle is a one-stop, fully connected personal finance hub in response to the findings of the Hayne Royal Commission into the financial services industry. The Melbourne-based fintech recently launched the first of a broad range of online financial services to provide increased access to comprehensive financial advice and related services. Justin is an experienced financial services professional having spent 12 years providing advice and gathering knowledge and experience across the broader aspects of the entire wealth management chain in both large and smaller scale business practices. Qualifications include a Masters degree of Applied finance and Graduate diplomas in Applied Tax Law and Financial Planning. Chartered Tax Adviser, Specialist SMSF Adviser and Certified Financial Planner. Member of the Tax Institute’s National Superannuation Technical Committee. He has 4 years experience in digital advice as Founder / Director of Shroogle, confirmed by some of the country's largest advice providing institutions as the leading strategic solution for the future of technology based personal financial services. He was responsible for the product vision and detailed technical and customer experience solutions and has been recognised by counterparties as one of Australia's leading advice technology experts. Justin has now joined with Complii FinTech Solutions as Head of Product for Shroogle, a wholly-owned subsidiary of Complii. He is passionate about improving the Industry, bringing progressive, commercially sound change to the present advice paradigm and building a unification of compliant personal financial advice and management services.
Guest Bio Gabrielle Schroder Group director for coaching and leadership at Institute of Executive Coaching and Leadership. Gabrielle leads a practice that specializes in developing human potential. Gabrielle has had a successful business career spanning 25 years, most recently in a variety of leadership roles with the Australian Institute of Company Directors or AICD. As an experienced director and practice lead, she has advised boards and executive teams, helping companies govern for growth, drive performance, and achieve sustained value. Immediately prior to joining IECL Gabrielle was the head of the AICDs board advisory practice, a practice she built from the ground up. Fellow and graduate of AICD, fellow of the National Heart Foundation of Australia, chair of the New South Wales Cardiovascular Research Network and a committee member of the 30% Club in Australia, an international working group dedicated to improving diversity on boards. SHOW NOTES Directors are human beings like the rest of us. Coaching plays a significant role in helping them see themselves more fully and therefore show up differently around the board room table. In times of crisis the impact & the toll that is taken on directors when they find themselves in the firing line can be devastating. What we have responsibility for, as institutions that educate at that level, is to make sure that we're building resilience, capability and capacity so that those situations are prevented The Royal Commission, particularly the Hayne Royal Commission has brought to the fore some real expectations on the part of consumers regarding the board's role in governing for culture and behaviours and the decisions that employees make in their organization. Boards are struggling to reorient around what is becoming a much greater level of understanding and knowledge in our community on what good governance is and should be. Boards are having to really respond to rising community expectations around that role. If you think about the role of the board, the board is supposed to be independent of management and the organization. It can be very difficult to grasp how boards might actually execute on controlling for behaviours in an organization. Marrying the worlds of governance and coaching has a significant role to play in helping boards to navigate that quite paradoxical challenge. A research piece by AICD with hundred chairmen on “when does good governance lead to better organizational performance?” highlighted some interrelating findings: good governance is situational governance was perceived by the chairmen as a team activity. individuals, directors and executives all need to bring an independence of mind to decision making. good decision making benefits from different perspectives, different lenses. There is a need to maintain openness to alternative views: a genuine ability to be able to suspend judgment and to be able to change one's views in light of a better alternative. For boards today, these traits coupled with how the board builds its relationship with the executive maintaining independence, but equally building high levels of trust is really critica
Six months after the findings of the Hayne Royal Commission were released, Peter Switzer and Paul Rickard check in with Financial Planning Association of Australia CEO Dante De Gori and Ruahine Finance mortgage broker Daiman McIntyre. BHP CFO Peter Beaven also joins the show to discuss the company's latest earnings.
Banking Bad: How Corporate Greed and Broken Governance Failed Australia Whistleblowers. Corporate cover-ups. One journalist's fight for the truth. Adele Ferguson's reporting on the banking sector played a key role in forcing the government to announce the Hayne Royal Commission. On the back of the release of her book, "Banking Bad" on August 5, Ferguson sits down with Business Editor Mathew Dunckley for fascinating a behind-the-scenes conversation on the state of the finance sector, whether the royal commission went far enough and her fight for truth in a years-long investigation. Since this episode of Please Explain was recorded the government has released legislation taking up some of the Hayne royal commission’s recommendations on insurance and fees for financial planners. The Please Explain team greatly value your feedback - you can email us here. We'd love to hear from you. And if you value independent, quality journalism, please subscribe to The Age or The Sydney Morning Herald. Thanks for listening and don't forget to check out more great podcasts from The Age & SMH.
The first podcast covers the case study of Sam Henderson, a financial planner that appeared before the Hayne Royal Commission. ASIC issued a media release on 24 July 2019 that announced he had been banned for three years and that further investigations are continuing.
How do policymakers and regulators balance restoring trust in our financial system with maintaining the flow of credit? Australia's banking industry had long had a reputation for being among the world's safest for investors. Its reputation has been tarnished in recent times after the explosion of scrutiny from the Hayne Royal Commission. Hear from Anna Bligh, Chief Executive Officer at the Australian Banking Association, and Simon Cowan, Research Director at the Centre for Independent Studies.
Episode #33 // The Royal Commission into Misconduct in the Banking, Superannuation, andFinancial Services Industry held in Australia over the last year or so uncoveredsome incredible breaches of law, of regulations, of ethics, and of trust. It haspoured fuel on the fire of the growing discontent that the general public has forbig business and large institutions.So how do we fix it?This episode looks at the findings of the Hayne Royal Commission (hopefully, witha slightly more balanced perspective than some of the hysterical politicaldiscourse surrounding the Commission).The issues uncovered are not confined to the finance sector, and certainly not toAustralia. Will we heed the ‘wake-up call’ that Hayne has given the big businesscommunity?Will we, as leaders, commit to doing the hard work on people and culture that willensure these types of issues don’t become a problem in our own organisations?Download The 5 Rules of Thumb for Creating an Ethical Culture for free at www.yourceomentor.com/episode33
Welcome back to the On The Money Podcast! Subscribe to us for the inside running on all things financial, every Friday. On the show this week: The Me Too movement rocked the film industry, but it has also heavily impacted the business and finance world. Producer Veronika Aleshina speaks with Danielle Logue, Associate Professor at the UTS Business School, about Gender Lens Investing. The new movement in the business innovation and entrepreneurship space is partially facilitated by programs set up by former Foreign Minister Julie Bishop, and the Australian Department of Foreign Affairs. We continue to cover the fall-out of the Hayne Royal Commission into the Banking sector. Producer Daniel Elison is joined by Dante De Gori, CEO of Financial Planners Association of Australia, to discuss a new independent and credible ratings system designed to keep the financial services sector accountable to investors. Also on the show: Part III of our three-part investigation into New Monetary Theory. Vincent Su is again joined by Professor of Economics Steven Hail from the University of Adelaide to discuss the Job Guarantee, and the potential downfalls of implementing MMT in practice. Producers: Daniel Elison Vincent Su Veronika Aleshina Executive Producer: Roderick Chambers
In light of the findings of the Royal Commission into the banking sector, the First Nations Foundation is developing a financial well-being strategy for Indigenous communities.
In light of the findings of the Royal Commission into the banking sector, the First Nations Foundation is developing a financial well-being strategy for Indigenous communities.
The Indigenous Superannuation Working Group is currently developing tailored financial services for First Nations communities.
The Indigenous Superannuation Working Group is currently developing tailored financial services for First Nations communities.
On this week's Looking Forward, Scott Hargreaves and Dr Chris Berg are joined by IPA Executive Director John Roskam and former Liberal MP John Pesutto. The panel discuss Kevin Rudd's new essay The Complacent Country and what the role of a politician should be (1:49-20:19), the Hayne Royal Commission and what Royal Commissions say about the democratic process (20:19-39:06), and the closure of Melbourne University Press and what the future of intellectual debate is in Australia (39:06-50:20). They also share what they've been reading and watching recently, including the podcast The Dropout, Richard Nixon: The Life by John Farrell, Political Reality Meets Economic Reality by Howard Marks and Victor Davis Hanson's new podcast ‘Can Higher Education Be Saved'. Show notes: The Dropout: https://itunes.apple.com/us/podcast/the-dropout/id1449500734?mt=2 Richard Nixon: The Life by John Farrell: https://www.amazon.com/Richard-Nixon-Life-John-Farrell/dp/0385537352 Political Reality Meets Economic Reality by Howard Marks: https://www.oaktreecapital.com/docs/default-source/memos/political-reality-meets-economic-reality.pdf ‘Can Higher Education Be Saved' by Victor Davis Hanson: https://www.hoover.org/research/classicist-victor-davis-hanson-can-higher-education-be-saved
For a closer look at the effects of the Hayne Royal Commission, Peter Switzer is joined by Finance Brokers Association of Australia managing director Peter White, mortgage broker Antony Blanch and Switzer Daily writer Andrew Main.
On this week's Looking Forward Dr Chris Berg and Scott Hargreaves are joined by IPA Research Fellow Daniel Wild and RMIT Professor of Institutional Economics Sinclair Davidson. The four look at the Hayne Royal Commission and why it is “an exercise in catharsis” for the government (1:18-14:15). Next topic is Jacinta Price being temporarily removed from Facebook and what conservative people can do to broadcast their opinions when they don't align with those of the tech giants, and whether governments should regulate access to social media platform (14:15-26:14). And then the panel moves to the announcement of a new regulator to oversee Australian sport and the history of the government's relationship with gambling (26:14-37:17). Then the four discuss what they've been reading and watching this week, including The Americans, Black Panther, Get Me Roger Stone! and The Future of Work. Further reading referenced in the show: John Roskam, ‘CBA Gets Beaten Up By The Culture Cops', Australian Financial Review: https://ipa.org.au/publications-ipa/in-the-news/cba-gets-beaten-up-by-the-culture-cops?highlight=regulate%20culture
Episode for 6 February, 2019 - I talk about how mortgage brokers are being affected by the recommendations of the Hayne Royal Commission, and why it may be unfair. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/australianmb/support
Peter Switzer talks to Julia Lee about how the market could react to the recommendations from the Hayne Royal Commission and her hot stock for 2019, plus Max Markson shares his experiences and advice from working in PR.