Hi Friend,
Welcome to BlueChip's fortnightly communications round-up for financial services: 'Take a beat Tuesday'.
Why ‘take a beat’? Because stopping to think, properly, in our work (and life in general) is often the difference between an 'okay' outcome and a great one.
A great outcome from the Hayne Royal Commission was never guaranteed. Hayne's final report into misconduct has been hailed as a restrained bookend to a year of public flogging and reputation damage.
Real change in the industry could never come from Hayne’s report in isolation. As we’ve said previously, if successful, it will be a combined effort, and as our final Royal Commission blog lays out: there are no shortcuts to redemption. Boards and management have a responsibility for strong and deliberate leadership. Better managing reputation risk is the subject of this week's video instalment of our series of PR strategies to fight a perceptual crisis #6 'Taking ownership'.
We've also included The Australian Institute of Company Director's reflections on the year in banking and finance. It's an interesting read and calls out the question many companies must answer urgently: Are non-financial risks managed appropriately and does the board have the risk visibility it needs?
Until then, take a beat and have a great week.
Carden
Managing Director and Founder
BlueChip Communication
