Impact Analysis: ASIC is Firm About Psychologists in Board Rooms

Abstract

The Australian Securities and Investments Commission (ASIC) Chairman, Mr James Shipton, has “dug his heels in” and is moving forward on his experimental plan to place psychologists into board rooms, on a “voluntary basis”, despite mounting criticism from regulators and behavioural experts. A similar program was used by the Dutch Central Bank and, while short-comings were evident, overall it was seen as a success.