May
Musk pushes Grok AI on US government, raising ethics issues
Elon Musk is using his privately owned AI bot to scoop up information from US government emails and data.
A tiny bank in Trump Tower is making the president’s sons rich
Donald Trump jnr and Eric Trump have been picking up corporate jobs and acquiring millions since their father was re-elected – but one deal stands out.
The Rich Listers whose financial success (or pain) remains a secret
Billionaire Sam Arnaout’s private company Iris Capital has been able to shield his gambling profits from prying eyes. Corporate governance experts are asking why.
April
UTS chief jets to US amid cost-cutting purge
The lure of alumni events in Los Angeles and New York has Andrew Parfitt flying across the Pacific.
Ramsay Healthcare chief says the age of AI care is coming
The CEO of Australia’s biggest private hospital operator has flagged greater AI adoption as a way to help improve services.
Venture capital firm EVP was right to call the cops on StrongRoom
EVP committed venture capital heresy by reporting StrongRoom AI to the police. It angered fellow investors but has shown moral courage rather than selfishness.
WiseTech whistleblower warned she would never get another board role
ASIC boss Joe Longo warned of an outbreak of “issues in the bedroom migrating to the boardroom” as Christine Holman revealed the threat made to her.
March
Qantas chairman says business should not be woke or anti-woke
Corporate Australia should pick its battles carefully. However, mainstream DEI and ESG initiatives have largely proved to add value to companies.
Why ASX corporate governance principles need a shake-up
Questions must be answered, including whether the broad consensus-based approach of the council should continue or it should be an advisory body to the bourse.
February
WiseTech must find new independent directors or risk ASX suspension
The fine print of the bourse’s corporate governance principles shows Richard White and the remaining board members are in a rather urgent pickle.
This banker email shows Dutton is right on ESG going too far
A construction company received a 37-point compliance list before funding would be considered, in addition to the standard credit application.
Internal files show Rio had early warning of Oyu Tolgoi blowouts
The mining giant held an “urgent” crisis meeting into a nine-month delay on its copper project in the same week it told investors it on was on schedule.
Banks must hold firm on net zero
Macquarie’s decision to exit the Net Zero Banking Alliance risks its bottom line and leaves its carefully built reputation as a green bank in tatters.
January
Has Trump killed DEI? Davos might have the answer
The World Economic Forum summit, where the liberal cosmopolitan elite gathers to network and self-congratulate, will be an early litmus test for Trump 2.0.
December 2024
ANZ risk boss fed up with bank leaks
Executives are cracking down on would-be informants before the bank’s AGM as the board hopes to convince investors it has been tough enough on cultural failings.
Manhattan murder frightens executives everywhere
Many companies view investor meetings such as the one that the UnitedHealthcare boss was walking to as security risks because they are highly publicised.
October 2024
Everything we know (so far) about how banks and insurers are using AI
It has been two years since ChatGPT burst onto the stage – and artificial intelligence is becoming more complex. An ASIC survey sheds more light on the future.
March 2024
Keep AI on a tight leash or embed bias, experts say
AI’s potential to reinforce discrimination is one of its most worrying effects. New regulations aim to keep the powerful technology in check.
Why we need an Australian Institute for Applied Ethics
Capitalism depends on government to provide a trusted framework of rules around it. But when politics turns into reality TV, we must ask the ethical questions ourselves.
February 2024
AI should do what humans can’t, not what we want
The best deployments of AI are helping us discover solutions to big problems and work smarter, without taking the humanity out of creativity or selling junk.