Donna Worthington | MinterEllison | WSG

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Profile

I advise clients on risk and regulatory projects, with particular expertise in governance, accountability and conduct issues. My previous experience includes working for a Big 4 consulting firm providing advisory and assurance services in relation to risk, regulation, business transformation and customer experience. I bring extensive experience in risk management, process improvement, strategic planning and delivery on large-scale projects within financial services institutions. My diverse skillset and experience means that clients often work with me in a ‘trouble shooter’ capacity, working on complex, highly sensitive engagements.

Career highlights

Since joining MinterEllison, I have led the APRA prudential self-assessment for leading financial services institutions reviewing governance, culture and accountability practices. I have worked on sensitive engagements reporting to Executive and Board level. I am valued for my ability to ‘cut through’ quickly to the issue or matter at hand requiring resolution, my ability to develop innovative and pragmatic solutions and my humanistic approach to the way I engage with people at all levels.

Areas of Practice

Professional Career



Articles

  • Can you regulate for accountability?

    New study looks at the impact of the BEAR on individual accountability and risk culture in the banking sector (so far)...

  • Financial Accountability Regime Status update: FAR Bill introduced

    The long-awaited Bill to establish the Financial Accountability Regime (FAR) was introduced into the House of Representatives on 28 October 2021.  Importantly, while the Bill is similar in most respects to the draft legislation released for consultation in July-August 2021, it is not identical.  The proposed FAR is also not identical to the existing Banking Executive Accountability Regime (BEAR) which, if legislated, it will replace. We provide an overview and discussion of the key measures in Bill.  

  • Protecting Australian infrastructure in a turbulent world

    The amendments to the SOCI Act are intended to help organisations and the government strengthen the protection of Australia's critical infrastructure assets. How should organisations approach the implementation of the new requirements? What opportunities exist to use the legislative change to drive better risk management, cyber risk and operational outcomes?

  • Five priorities for enhancing risk culture in a COVID-19 world

    As organisations start planning their post COVID-19 workforce arrangements, ers need to consider how these new and amended work practices will help or hinder their efforts to strengthen their risk culture. While having a distributed workforce increases some challenges to improving risk culture, it also provides opportunities which need to be embraced.

  • The proposed new Financial Accountability Regime: new minimum standards for entities, boards and senior management across the economy?
    Overview | Treasury proposal paper on the new Financial Accountability Regime (FAR)
  • Transforming GCRA: APRA to roll out a risk culture survey to APRA-regulated entities

    APRA has released an article providing insights into the outcomes of its recent pilot risk culture survey and outlining next steps.  Our key takeaways are below.

  • The 'third wave' of climate litigation: greenwashing

    With the sharp evolution of sustainability into a material financial issue, greenwashing has become an acute legal risk for organisations. How can you manage the risk?

  • APRA cautions banks against 'complacency' on risk 

    We summarise the key takeaways from APRA's bank risk culture survey 

  • Five tips for good governance and risk management practices in a COVID-19 world

    During the COVID-19 pandemic, with organisations facing high-stakes, high speed decision making, the need for good governance and risk management practices has never been greater. The Financial Services Royal Commission has lifted the bar on what good governance practices look like. Organisations that get this right will flourish post COVID-19, while poor governance could prove to be fatal.

     

  • APRA consults on new and more prescriptive remuneration requirements
    Overview | APRA discussion paper and draft new Prudential Standard CPS 511
  • GCRA continues to be a key focus for APRA

    The Australian Prudential Regulation Authority (APRA) has released its 2022/23 corporate plan.  Our key takeaways are below.

  • Managing crises in a complicated world

    In a fast, reactive environment, how can organisations prepare for disruption? We explore how to work your way through any issues and maximise opportunities to bounce back at the end of a crisis.

  • Why remediation should be purpose-led – and how you can make it happen

    Organisations can step towards a brave new world of remediation by embedding their purpose and values into their program. We explain how and why.

  • Capability review finds APRA's culture and regulatory approach need a reset

    APRA Capability Review 2019 | The Review makes 24 recommendations (19 directed at APRA and 5 directed to the government) to better position the regulator to deal effectively with post-Hayne environment as well as emerging risks.

  • Applying risk management strategies to support health care in COVID-19

    During the COVID-19 pandemic, all health care organisations, including both public and private providers, are required to move quickly to take proactive steps towards meet existing and new customer/ patient demands and to continue providing products and services.

  • CPS 230 | Consultation on strengthening operational risk management begins

    APRA has proposed a new prudential standard CPS 230, which aims to strengthen operational risk controls and monitoring, business continuity planning and the management of third-party service providers. We explore the new framework and what it means for service providers.

  • ASIC targets greenwashing with a social dimension

    Australia's corporate regulator has issued its second fine for greenwashing, with a focus on the social dimension.

  • Building a sustainable system to manage regulatory change

    Financial institutions continue to face unrelenting regulatory pressures. How can they manage the regulatory burdens, while still finding opportunities for innovation and growth? Our team explores the issues.

  • Financial services institutions need to increase focus on cyber security

    How does cyber risk affect the financial services industry? We explore in our new report, Perspectives on Cyber Risk 2021.

  • Financial Accountability Regime: Bills (re)introduced

    The long-awaited Bills to established the proposed FAR were (re)introduced into the House of Representatives on 8 September 2022

  • Four lessons for aged care from financial services

    The aged care and financial services sectors have both recently been through Royal Commissions. And while there are many differences between the two sectors, there are also some key similarities. Based on our experience in both aged care and financial services, our multi-disciplinary team has identified key lessons for the aged care sector to take forward.

     

  • A guide to risk management for not-for-profits and social enterprises

    For many, managing risk, and even knowing where to start, can be overwhelming. This guide offers not-for-profit and social enterprise organisations a framework to establish appropriate risk management processes that help them to succeed.

     

  • A new era of governance for aged care providers?

    Board composition requirements for aged care providers are set to become law on 1 March 2022. What should organisations be doing to prepare? How can they use this opportunity to make meaningful and long term change?

  • Companies are about more than maximising profits? 
    Business Roundtable has issued a statement redefining the purpose of a corporation to include delivering benefits to all stakeholders
  • A guide on breach reporting requirements for AFS and credit licensees

    ASIC's new breach reporting requirements will commence on 1 October 2021. Our new guide will help you comply with the new rules.

  • Reimagining governance in aged care

    Governance is a key priority for aged care providers. Facing a Bill that sets out new governance obligations, organisations have a lot of work ahead to ensure they are compliant. In our new podcast episode, we explore some of the key issues to address.

  • Consultation on draft legislation to establish the Financial Accountability Regime

    The government has released long awaited draft legislation that will establish the Financial Accountability Regime. We provide an overview and discussion of the key measures.

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