The Australian Stock Exchange is sticking by embattled former NAB chairman Ken Henry,who stepped down from the bank's board following blazing criticism from royal commissioner Kenneth Hayne.
National Australia Bank has been plunged into turmoil,with chairman Ken Henry and chief executive Andrew Thorburn both resigning in the wake of blistering criticism from the banking royal commission and a deepening crisis over alleged rorts by a former senior staffer.
The federal opposition and governance experts are unimpressed by the dramatic resignations of NAB's chairman and chief executive.
Once Kenneth Hayne singled out Andrew Thorburn and his chairman,Ken Henry,from a multitude of equally-deserving peers for harsh criticism in his final report they were on shaky ground.
Perhaps he has other properties mortgaged with NAB,or is it a dollar saver account?
Police investigate if shoddy oversight in the office of the NAB boss enabled a staffer and a contractor to pull off a suspected multi-million dollar fraud.
The Royal Commission into banking has completed its hearings. Did it go far enough?
Ken Henry’s soliloquy on the state of capitalism provided one of the more philosophical moments in an at times testy appearance before the royal commission.
National Australia Bank chairman Ken Henry admits the board should have cut executive bonuses earlier than it did over a suite of risk problems at the bank.
The intensifying trade war has sparked warnings about the local impact.
Executives who oversee bad corporate behaviour may receive no bonus at all under a revamp of National Australia Bank's pay system.