Skip to navigationSkip to contentSkip to footerHelp using this website - Accessibility statement
Advertisement

Corporate ethics

Today

CBA’s Matt Comyn loses his right-hand man, the meticulous David Cohen

Over 15 years at the bank, David Cohen has seen it all. On his retirement, he provides a potted history of CBA’s numerous troubles and its transformation.

  • James Eyers

This Month

Jimmy Stewart’s voice will read bedtime stories on a wellness app Calm, thanks to AI.

Recreating dead actors with AI does not make for a wonderful life

It may seem harmless to recreate Jimmy Stewart’s voice for a wellness app, but it is the start of a slippery slope that doesn’t end well for humanity.

  • Paul Smith

November

  • Exclusive
  • AI

Australian AI star plans US shift as battle for humanity heats up

Start-up Akin has been struggling to close its $US50 million funding round, while staying true to its goal of building an ethical AI.

  • John Davidson

October

Wesfarmers boss Rob Scott says business was right to speak up for Indigenous advancement.

Business leaders won’t back down from Voice support

After heavy criticism for the role played by big business in the Yes campaign, employers and directors say they will still keep publicly supporting good causes.

  • Tom McIlroy

September

Kevin Burrowes CEO, PwC Australia, says the firm is committed to changing its culture.

An open letter from PwC Australia CEO Kevin Burrowes

“We are deeply sorry for that behaviour and the culture that allowed it to go unchecked for many years.”

Advertisement
Tim Gurner’s comments on unemployment sparked calls for a renewed focus on all corporate stakeholders, not just shareholders.

Why companies should maximise shareholder welfare

Qantas and Tim Gurner show why we need a new theory about corporate managers focusing on the interests of all stakeholders, while maintaining the primacy of creating value for company owners.

  • Richard Holden

June

Erika Cheung, co-founder and director of Ethics in Entrepreneurship, says blowing the whistle on Theranos was the hardest thing she’s done.

I would do it all again, Theranos whistleblower says

Erika Cheung says putting Elizabeth Holmes in jail was never her intention, but potential harm to patients made her speak up.

  • Jessica Sier

May

CBA goes all in on generative AI

AI models, like ChatGPT, are being used by CBA to help call centre staff answer complex customer questions and software engineers to write better computer code.

  • Updated
  • James Eyers
Nobel laureate Brian Schmidt says Governments need to embrace ethical controls over data usage similar to what universities have developed over 50 years.

Governments ‘lack ethics controls for data’

Australian governments should emulate university research procedures in the handling of data, says Nobel laureate and ANU vice chancellor Brian Schmidt.

  • Tom Burton
Geoffrey Hinton, an AI pioneer, joined Google in 2013 and won the Turing Prize, but is now expressing fears about the rapid development of the technology.

When the ‘Godfather of AI’ quits, we all need to start thinking

Mechanics don’t set road rules, so techies must not define the AI world, we need people outside the bubble to understand what is happening and contribute to regulations.

  • Rebecca Johnson
KPMG and Deloitte have told a senate inquiry into consulting firms they take their ethical responsibilities seriously.

KPMG reviewed its secrecy provisions after PwC tax leak

KPMG and Deloitte have told a Senate inquiry they have excellent internal processes for handling confidential government information.

  • Edmund Tadros
Snapchat recently joined the rush of companies announcing AI chat features based on GPT-4, essentially experimenting on its audience to fine tune an initially dangerous product.

Snapchat’s rushed AI rollout has horrific results

Launched without necessary training, bots from huge companies are showing themselves to be dangerously bad, and rules are urgently needed to force responsibility.

  • Paul Smith

April

  • Exclusive
  • AI

‘Too important not to regulate’: Fears over irresponsible AI use

With data showing that Australian businesses are all talk and no action when it comes to using AI responsibly, experts have backed calls for tougher regulation.

  • John Davidson and Tess Bennett

January

Skilled workers entering Australia for the first time deserve a warmer welcome.

Letters: Immigrants face unwelcome hurdles

Facilitating skilled immigrants; political and business ethics; Albanese’s diary; NSW stamp duty, pokies reform; climate action at Davos; new super rules; useless currency; CFMEU penalty cut.

Elizabeth Holmes, founder of Theranos, centre, arrives at federal court with her mother Noel Holmes, left, and partner Billy Evans last year during her trial.

If you thought corporate fraud was rife, this study proves you right

A new study estimates 40 per cent of companies commit accounting fraud, and 10 per cent commit securities fraud – destroying about $1.2 trillion of equity value in 2021.

  • Ephrat Livni
Advertisement
Accused insider trader Cameron Waugh, right, and his lawyer Martin Bennett leave the Perth Magistrates’ Court on Friday

Accused insider trader silent on ASIC claims

Some of the biggest names in the Perth business community are keeping a close eye on an inside trading case involving Cameron Waugh.

  • Updated
  • Brad Thompson
Hans Niemann, not at all intense, reckons he’s up for playing naked.

He’s the bad boy of chess. But did he cheat?

On one side is the world’s top player whose winning position is essential to his business. On the other side is the upstart challenger accused of unfair play.

  • David Segal and Dylan Loeb McClain

November 2022

Westpac CTO David Walker: “Nobody in the world is doing this at scale.”

Westpac backs UNSW project on AI ‘guardrails’ to widen deployment

The bank wants to deploy “unsupervised A” but needs to ensure models are trained to respond to moral judgments.

  • James Eyers

September 2022

Qantas chief Alan Joyce pocketed $2.17 million and more than 600,000 performance share rights this year.

I paid $30 for a corporate code of conduct. That’s good value

Why do companies that boast about high ethical principles find it so hard to follow them?

  • Aaron Patrick
A digital wellness platform has won the best innovation prize in the health industries category.

McKinsey points to Apple, Telstra campaigns to build digital trust

Companies that do not pay attention to growing customer demands for transparency around data use are “setting themselves up for a hubristic fall” new research warns.

  • James Eyers