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Karen Maley

Commissioner Hayne’s lasting legacy

There’s now nary a director on any board in the country who questions the concept of the “social licence to operate”. And that’s largely thanks to Commissioner Kenneth Hayne.

Karen MaleyColumnist

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It’s in the nature of news reporting that there will inevitably be a flurry of stories that commemorate the first anniversary of a major event, but that attention dwindles with each successive year.

And this process is inevitably hastened if a global pandemic occurs in the interim which allows the erstwhile villains – in this case, the country’s major banks – a chance to redeem their sullied reputations.

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Karen Maley writes on banking and finance, specialising in financial services, private equity and investment banking. Karen is based in Sydney. Connect with Karen on Twitter. Email Karen at karen.maley@afr.com

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    Original URL: https://www.afr.com/companies/financial-services/commissioner-hayne-s-lasting-legacy-20210324-p57dj7