Regulation Can't Fix Culture: When a whole industry is at a crossroads

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 Hosted on Acast. See acast.com/privacy for more information.