IAG Commission 1

IAG Commission 1 refers to the Individual Accountability and Governance framework established by the Australian Prudential Regulation Authority (APRA) to enhance accountability within financial institutions. It focuses on ensuring that senior executives and board members are responsible for their decisions and conduct. By setting clear expectations for behavior and accountability, this framework aims to improve governance, risk management, and ultimately protect consumers by fostering a culture of integrity and responsibility within organizations. This initiative is part of broader efforts to strengthen the financial sector's resilience and ethics following previous crises.