If being director was easy “anyone could do it”, ASIC chairman Joe Longo told an Australian Institute of Company Directors conference in Melbourne.
Already a subscriber?Corporate watchdog chairman Joe Longo has politely told C-suites to stop whinging about director duties because ultimately legal compliance and maximising profits go hand-in-hand.told an Australian Institute of Company Directors conference in Melbourne on Thursday.“Good directors run successful, profitable businesses. That’s not going to happen unless every director takes an active stance of curiosity and starts asking the right questions – to understand their business.
Fourth, are you challenging management to ensure your understanding is well-founded, and getting trusted professional advice? “And you’ll go a long way toward meeting the compliance challenges, and seeing past them to the opportunities and benefits.“The fundamental reality is if you’re acting in good faith and want to run a profitable business, and not fall foul of what’s expected of you in terms of the law, that’s hard work.”, using his speech to issue another clear warning to directors that ASIC was gearing up to act over failure to adequately prepare for attacks.
“But also, as with climate disclosure, if directors in general have to be more focused and deliberate about cyber preparedness, this should also shore up the cyber resilience of associated entities like third-party suppliers.“The point is that increased expectations don’t mean decreased profits or a meaningless list of endless tasks. They mean better business.”
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
This is food fraud: The growing problem in Australia that 'can fool anyone'Food fraud can be simple deception, like diluting wine with fruit juice — but it can also be complex and deadly.
Read more »
‘Ask anyone in the building’: Benji hits back at ‘not true’ claim in fiery interviewNRL: Benji Marshall hit back regarding criticisms around his coaching work ethic, and backed his approach heading into the Wests Tigers first game of the year.
Read more »
Joe Biden's Stories: From Mongolia to Manipulative GeneralsUS President Joe Biden shares his stories during interviews, including his experience in Mongolia and trying to save former president Barack Obama from manipulative generals.
Read more »
The first Wallabies staffer sacked by Eddie Jones has become Joe Schmidt’s first coaching hireA year after being axed by Jones, respected veteran coach Laurie Fisher has been reappointed to the new Wallabies coaching staff.
Read more »
President Joe Biden's wide-soled shoes attract attentionIn his time as president, Joe Biden has had multiple public stumbles.
Read more »
Fiorentina Serie A football manager Joe Barone on life support in hospital7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »