By Jason Watts and Lauren Beasley. King & Wood Mallesons

watts_jIn recent months there has been increasing regulatory focus on corporate culture, with ASIC prominent in the debate.

We do not consider that it is the role of regulators to enforce corporate culture and there is no “one size fits all” model as to what constitutes a good corporate culture.

Nevertheless we consider that a focus on improvement in corporate culture can be a catalyst to positive business outcomes and therefore should be on the agenda for boardroom discussion. In that sense the ASIC initiative is to be welcomed.

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