Former RBA economist Geof Mortlock calls for board reforms, emphasizing expertise in financial regulation and stability over diversity.

Former Reserve Bank economist Geof Mortlock has urged reforms to the bank's board, advocating for members with expertise in financial regulation and stability rather than prioritizing gender or ethnic diversity. He recommends enhanced performance assessments of the bank's functions, along with independent audits to ensure accountability. Mortlock's submission highlights the need to strengthen the board's qualifications in a sector lacking competition.

October 16, 2024
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