BlackRock’s Head of Investment Stewardship Team Australia, Iris Davila, joined Derwent for a series of Director forums, providing the ideal environment for a robust discussion on the fallout, post royal commission.

Thought provoking and highly engaging, the forums created a setting that enabled an in-depth discussion between directors. Iris provided opening commentary on the impact that she foresees influencing boards in their approach to governance.

Iris identified three key themes;

• Overall higher expectations which creates the need for increased accountability;
• Greater transparency – disclosures, narrative is important, the why and how;
• Culture as a key enabler of good governance; dynamic, diversity of skillset and the deliberation of yearly re-elections were all heavily up for debate, only reaffirming the question, does out governance model need to be disrupted