Industry and research partnership adds weight to the corporate board debate

Monday, 10 September 2012  Features

The Commonwealth Bank Group is establishing a professorial chair at the Australian School of Business - The Commonwealth Bank Chair in Finance - to support the research of a pre-eminent finance scholar. Professor Renée Adams, a world-leading researcher in the areas of corporate governance and gender diversity, has been appointed to the new professorial chair.

Professor Alec Cameron, Dean of the Australian School of Business (ASB), welcomed the Group's investment in the School, saying, "The research Professor Adams will conduct with the support of the Group is of critical importance to the banking sector and the broader business community. Professor Adams' research focuses on the organisation of corporate boards as well as gender diversity on boards, governance problems, group decision-making on boards and the governance of central banks.

Prior to joining ASB Professor Adams had appointments at the Federal Reserve Bank of New York, the Stockholm School of Economics and the University of Queensland. Since 2010, Professor Adams has been the convenor of the Financial Integrity Research Network (FIRN), a partnership between 16 leading Australian universities plus SIRCA.

Tristan Landers, Executive General Manager of Corporate Sustainability for Commonwealth Bank said, "As an organisation that plays a very active role in improving corporate governance and gender diversity we look forward to supporting Professor Adams and her contribution to international research."

Professor Adams' research will inform government policy and industry practice and improve the quality of public debate and is an example of the value of a strong nexus between academic research, industry practice and public policy.

The Commonwealth Bank Group is investing further in international research of critical importance through its support for the Centre for International Finance and Regulation (CIFR), a newly established Centre of Excellence for research and education in the financial sector, hosted by the Australian School of Business. As a founding partner of CIFR, the Group is playing an important role in promoting the integrity of the financial sector, as well as supporting Australia as a financial centre.