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Mark Rigotti

Three things directors must learn from a time of scandals

A board director’s job is getting more complex. But they need to maintain their own clear lines of sight into the businesses they oversee.

Mark RigottiCompany directors advocate

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The market has seen corporate governance firmly back in the spotlight over the past year, and not in a way that makes comfortable reading for Australian directors.

Since the financial services royal commission, there has been a marked shift in views on corporate accountability for when something goes wrong; whereas previously damage could be cauterised at the senior executive or CEO level, increasingly shareholders and influential stakeholders expect the board to take ultimate responsibility.

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Mark Rigotti is managing director and CEO of the Australian Institute of Company Directors.

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    Original URL: https://www.afr.com/policy/economy/three-things-directors-must-learn-from-a-time-of-scandals-20241120-p5ks1o