The globe trotters - what international institutions taught an Aussie banking giant
“The idea first came about from the relationship the bank has with IBM, which provides significant IT and system support to us. In the course of setting up things with them we had a discussion with their general counsel about trying to get a better understanding of how their legal function operates and it went from there,” Justin Moses explains. Moses, corporate counsel and general manager of the legal product and distribution department at the Australian banking group Westpac, is referring to an innovative series of what the company calls “benchmarking study tours” it has carried out in recent years. The bank’s legal team has been visiting international companies in the US and UK to learn from other in-house counsel how they conduct their legal counsel functions and what ideas and structures the banking group can replicate back in Australia and New Zealand.
Helen Mooney finds out what a group of major international institutions have to teach an Australian banking giant about best practice
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