APRA defends former execs’ private gigs

by

Ed.

From financialnewswire.com.au: APRA defended its procedures regarding former executives who now serve on the boards of Macquarie Bank and the Australian Retirement Trust.

The regulator clarified that while it recommends a 12-month waiting period before former members take up directorships in APRA-regulated entities, this guideline is not legally binding.

APRA emphasized the importance of maintaining confidentiality and managing any potential conflicts of interest even after members leave their roles.

Filed under: Business Law

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