The chairman of the corporate regulator, Joe Longo, has lashed chief executives plagued by sex scandals and other misconduct and warned that the companies they lead would face greater scrutiny because poor personal behaviour often signalled deeper governance issues.
Amid a string of high-profile scandals involving the chief executives of Mineral Resources, Super Retail Group and WiseTech, Mr Longo said directors should not underestimate the signal that CEO bad behaviour sent to the Australian Securities and Investments Commission.
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Ronald Mizen is the Financial Review’s political correspondent, reporting from the press gallery at Parliament House, Canberra. Connect with Ronald on Twitter. Email Ronald at ronald.mizen@afr.com
