As custodians of Australia’s most profitable companies, bank chiefs have a duty to maintain the highest standards

It came as no surprise on Thursday when NAB’s chief executive, Andrew Thorburn, resigned from the bank, along with his chairman, Ken Henry. The real surprise was that it took them so long to walk the plank.

On Monday the pair endured the ignominy of being given a special mention by Kenneth Hayne in his royal commission final report. The former judge felt moved to name them as executives that had left him “not as confident as I would wish that the lessons of the past have been learned”.

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Read More NAB’s bosses Andrew Thorburn and Ken Henry have quit – what took them so long?

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