AICD: Michael Ullmer's advice for directors after the Hayne Royal Commission

6 Mar 2019

Lendlease chair Michael Ullmer says it's important for directors to hold their nerve after the banking Royal Commission.

“In 1972, [Dusseldorp] gave a speech talking about the need for companies to find a common interest that went beyond the bottom line profit to broader accountability to employees, to communities that the companies serve, and to the environment,” says Ullmer.

“That’s been part of the Lendlease ethos ever since. I think we’ve seen that play out through the role of the Royal Commission. If you don’t take those things into account, there is enormous damage to shareholder interests.”

Read the full article here.