Reputational Turnarounds Rely on People
For companies challenged by a reputational crisis, there is good news –the path to better days starts with people.
It’s worth sharing a recent story from Business Insider Australia on big changes happening at Commonwealth Bank, where a series of public issues has challenged its image. Its new CEO, Matt Comyn, is rolling up his sleeves and building recovery on simplifying structures, getting back to basics and, above all, relying on people to build a solid future. It is precisely because of this dependence on people that it is so important that best practice employment screening be front of mind.
Here’s an excerpt from the article:
Matt Comyn, the Chief Executive Officer of the Commonwealth, has taken a key step on the path to restoring the reputation of Australia’s biggest bank, announcing six appointments and changes to the Executive Leadership Team.
The restructure is the second announcement today in his simplification of the bank, bringing the CBA back to its core banking businesses. He earlier outlined plans to demerge the bank’s wealth management and mortgage broking businesses.
He says the new team members bring a strong mix of deep experience in banking, risk management, digital transformation and cultural change leadership.