The Wider Implications of the Hayne Report for Corporate Australia

The Final Report and recommendations of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, led by the Hon Kenneth Hayne AC QC, was published on 4 February 2019. The Commonwealth Government's response: highlighting the actions it will take in respect of all of the recommendations. The report (and the preceding interim report) found widespread misconduct. While the focus was on the financial sector the issues highlighted in the Report have wider application for the management and governance of corporate Australia generally. Primarily the Commission found responsibility for the misconduct rested with boards and senior management.