ASIC wants to prosecute executives for ‘bad culture’ | afr.com

Mr Medcraft said ASIC was planning a “major campaign” on culture this year.

“We intend to: first, incorporate culture into our risk-based surveillance reviews; second, use the surveillance findings to better understand how culture is driving conduct among those we regulate; and third, communicate to industry and firms where we have a problem with their culture and conduct.”

“We will intend to enforce where we see the wrong culture that’s driving bad outcomes.”

via ASIC wants to prosecute executives for ‘bad culture’ | afr.com.