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Showing 11 - 20 of 66 results for %22Ken Henry%22

NAB wealth exit delayed

HARRISON WORLEY  |  FRIDAY, 8 FEB 2019
... NAB's first half 2019 result announcement," the bank said. The update comes after NAB chief Andrew Thorburn and chair Ken Henry announced they would depart the bank just two days after responding to the Royal Commission report, which singled out the ...

NAB chief executive and chair exit

KARREN VERGARA  |  THURSDAY, 7 FEB 2019
National Australia Bank chief executive Andrew Thorburn and chair Ken Henry announced they will exit the bank. Thorburn's last day is on 28 February 2019, while Henry will retire from the board once a permanent chief executive is appointed. Philip ...

NAB calls trading halt

KARREN VERGARA  |  THURSDAY, 7 FEB 2019
... released on February 4. Commissioner Kenneth Hayne criticised the leadership of chief executive Andrew Thorburn and chair Ken Henry during the final round of hearings. Hayne said he was not confident Thorburn and Henry have learned lessons of the past ...

Institutions respond to Royal Commission, make commitments

HARRISON WORLEY  |  TUESDAY, 5 FEB 2019
... praise was not reserved for all. NAB was called out for the performances of chief executive Andrew Thorburn and chair Dr Ken Henry during the final round of hearings, with Hayne explicit in his criticism of the two. "Having heard from both the chief ...

Super funds wield bank remuneration stick

DARREN SNYDER  |  FRIDAY, 21 DEC 2018
... ACSI expressed concern for some time about NAB's new incentive structure and welcomes the decision announced by chair Ken Henry to rethink the scheme. However, it was the board's decision to award significant bonuses to the executive team that led to ...

Shareholders put NAB board in the hot seat

KARREN VERGARA  |  WEDNESDAY, 19 DEC 2018
... do more to reach out and connect with aggrieved customers rather than rely on net promoter scores figures. NAB chair Ken Henry was then criticised for saying it will take 10 years for NAB to change the bank's culture at the Royal Commission. This ...

Social media reacts to final Royal Commission hearings

HARRISON WORLEY  |  FRIDAY, 30 NOV 2018
... business coincided with executive remuneration remaining high despite the misconduct exposed at the Royal Commission. Ken Henry should resign immediately - Josh Bornstein (@JoshBBornstein) November 27, 2018 The Australia Institute director Josh Bornstein ...

Should banks fund customer litigation?

HARRISON WORLEY  |  TUESDAY, 27 NOV 2018
NAB chair Ken Henry openly asked the Royal Commission whether the bank should fund customer litigation against itself. Remerging at the Royal Commission, NAB's plan service fee issue became a focal point of discussion between the bank's chair and counsel ...

NAB cuts bonuses for executives

KANIKA SOOD  |  WEDNESDAY, 19 SEP 2018
... variable reward entitlements if they are dismissed, resign or fail to meet conduct requirement thresholds. NAB chair Ken Henry said the bank will look at executive pay through the lense of financial metrics but also customer focus. "The new framework ...

Former NAB subsidiary flags merger with Virgin Money

ALEX BURKE  |  TUESDAY, 8 MAY 2018
... after shareholders voted overwhelmingly in favour of a UK exit. At the bank's scheme meeting in Melbourne, NAB chair Ken Henry explained the demerger would be structured with a new holding company, CYBG PLC, taking 75% ownership of NAB's Clydesdale and ...