Australian banks have made “substantial progress” in overhauling their retail remuneration arrangements and are on target to meet commitments given when the process began two years ago. read more
Work & career (162 items)
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It took Phil Chronican less than a day as acting CEO to mend a relationship with one of NAB’s core stakeholders that had been failing for almost two years, and as he prepares to take on the role of chair one can already see he has the potential to repair NAB’s tortured corporate soul. read more
The ANZ board have escaped the heavy critique of its operations and management seen in other post royal commission bank AGMs, but in the final analysis, shareholders did deliver the expected first strike against remuneration report, with more than a third of shareholders (34 per cent) voting against its adoption before the meeting. read more
Westpac's annual general meeting, held in Perth, was a mixture of contrition on the part of CEO Brian Hartzer and chairman Lindsay Maxted and passive aggressive behaviour from many shareholders who voted against remuneration packages for the c-suite. read more
Brief: CBA medical privacy breach probed, Credit union culls brands, Westpac ordered to reinstate banker
As CBA prepared in July for the sale of its insurance arm, CommInsure, it discovered a potential privacy breach that may have given bank staff access to customers’ sensitive medical data. read more