It is problematic how facilitative national law and other regulatory mechanisms should be towards whistleblowing in a digital age when a single individual can have global impact.
The Senate raises important, and uncomfortable, for ASIC to answer, highlighting whether enforceable undertakings place sufficiently stringent conditions on financial professionals.
Westpac is far from implicated, at this stage, in any of the alleged money laundering involving Liberty Reserve suggesting need for analysis over easy headlines.
Public corporations should have a mix of independent and non-independent directors, and directors should be held to a duty to the corporation as a whole.
A UK corporation may accept a deferred prosecution agreement leaving a Court in a difficult position of striking out the freedom to contract on intuition rather than evidence.
Many people in the United States are asking core questions about what corporations are, to whom they owe obligations, and how best to conceptualise them and their regulation.
The reputational impact of culture on public trust, and the global realization of its impact in the wake of the GFC, has warranted a refocus on organisational cultural norms.