This afternoon the Australian Government releases the findings of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. This has little to do with occupational health and safety (OHS) directly but it has a lot to do with:
- organisational culture,
- business ethics,
- the social licence to operate,
- the morality of capitalism, and
OHS needs to operate within all these elements of business operations and all Australian businesses will be watching how the Government and other political parties react to these findings.
The Australian Financial Review said this on February 1 2019:
When the royal commission’s final report is made public on Monday, arguably the most important question that Commissioner Kenneth Hayne must answer is the one that will garner the fewest headlines.
It is: what can Hayne practically do to improve the culture of Australia’s financial services sector?
SafetyAtWorkBlog has already explored the potential cultural impacts of the Royal Commission (see links below) but will be looking closely at the final report over the next week once the knee-jerk analyses settle. At the least, Australians can expect a much clearer explanation of what one expects from corporate leaders.