The Royal Commission into Misconduct in the banking, superannuation and financial services industry in Australia exposed some notable, and in the circumstances of his position surprising, views of the Chairman of the National Australia Bank. The NAB is one of the country’s biggest publicly listed companies. Its directors, and especially its Chairman, ought to be amongst the very best directors available. Shareholders would have reasonable grounds to believe that they had the best possible governance talent acting in their, the shareholders’, interests.

Continue reading →