South Australia and Victoria are currently grappling with significant Royal Commissions. While each inquiry has a different focus, they both underscore the same reality for business leaders: Royal Commissions increasingly scrutinise private organisations, industry participants, boards, executives and operational decision-makers.
For many organisations and individuals, their first contact with a Royal Commission comes through a notice to produce documents or information or a summons to attend and give evidence. By then, the opportunity to prepare has often passed.
The organisations that navigate Royal Commissions most effectively are usually those that have invested in carefully reviewing the terms of reference, assessing their potential application to their business or operations and then reflecting on their own readiness.
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