Lol:
Andrew Thorburn has defended the National Australia Bank’s handling of misconduct and bonuses paid to wealth boss Andrew Hagger, after revealing more than 1100 staff failed to meet its code of conduct last financial year.
In opening remarks to the House of Representatives standing committee on economics, Mr Thorburn said in full-year 2016 the bank identified 1138 staff who did not meet its code of conduct, including five senior managers, after stronger scrutiny than prior years.
He said two senior managers were dismissed with the remaining “disciplined”.
“The message here to all our people is that we are in a position of trust. We have high standards, they are expected to be met and if they are not there are consequences,” Mr Thorburn said.
Mr Thorburn is the first big bank CEO to appear before the committee in the second round of hearings after the initial inquiry in October, which was called by the government as part of efforts to quell Labor’s push for a royal commission.
Don’t think it’s working!
Get on it Anna and Mike. The tent needs some airing.
