Scott Morrison says report showing executives are unaccountable and have no incentive to improve consumer outcomes ‘needs to be on the agenda’ of every board meeting in the country

Commonwealth Bank’s financial success has “dulled” its senses, leaving it with a complacent culture that is dismissive of regulators, with a lack of accountability among senior executives, and a remuneration framework that has no bite.

That is the damning conclusion of an eight-month investigation by Australia’s financial regulator.

Continue reading…

Read More ‘Money for jam’: Commonwealth Bank accused after damning regulator’s report

Facebook Comments