There is a lot riding on the successful completion of Commonwealth Bank of Australia's cultural change program. If successful it will release about $1 billion in capital.
Commonwealth Bank of Australia's resilient 2020 profit result comes at a critical inflection point in the bank's multi-year cultural change program.
The bank has become a living case study in how to implement systems and processes that ensure best practice in governance, accountability and culture.
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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com
