Culture, greed and safety heckles

More business “gems” from the Australian Financial Review (AFR).

The potential for corporate change from Australia’s Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry is fading fast. Back in July 2020, the Australian Financial Review (AFR) reported on an investigation by the Australian Prudential Regulation Authority (APRA) that found, according to the AFR’s headline, that Westpac bank’s culture was immature and reactive.

Safety culture, or an organisational culture that integrates safety, has been a running theme in Australian occupational health and safety (OHS) circles for several decades now but it has rarely gained traction. Partly this is due to the distraction presented by corporate wellbeing programs which address symptoms of ill-health and un-safety and provide a comfortable excuse for company executives who can then claim some action even if the results are dubious.

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