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Earlier this week the Australian Bankers’ Association (ABA) released its Reference Checking & Information Sharing Protocol stating “To help banks employ only competent and ethical financial advisers, the banking industry has today announced a new, improved way of hiring financial advisers”. ABA Executive Director – Retail Policy; Diane Tate was quoted in the accompanying press release: “… the banking…

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Continuing my search to understand what underlies the decision making mistakes made by boards of large companies, I turned to the Australian Institute of Company Directors (AICD), the preeminent educational body for public, private and not-for-profit company directors in Australia.   I collected a copy of the AICD Professional Development Handbook (July 2014 to June…

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The case of the mysterious Andrew Flanagan becomes more intriguing as further information is uncovered. Certainly the mainstream media have had a field day, providing plenty of expanded coverage in the days after Mr Flanagan’s deception was first uncovered. Here’s what else we know, thanks to the investigative efforts of various Fairfax Media, Smart Company, and News Corporation journalists,…

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It was a highly embarrassing day for Myer this past Tuesday. After announcing the previous Thursday that ‘Andrew Flanagan, has been ­appointed group general manager for strategy and business development’, Myer confirmed on Tuesday that Flanagan had been fired after it was revealed that he was not, as reported, “formerly managing director and Asia-Pacific vice-president…

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