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NAB chairman: boards must push executives harder

Phil Chronican says bold strategy and smart investment is needed from companies that want to break away from the pack in a post-pandemic world. Governments can help this in five ways. 

National Australia Bank chairman Phil Chronican has a blunt message for Australian boards: the country needs you to turn up the heat on your management teams.

Speaking at the Australian Institute of Company Directors’ annual conference in Sydney on Monday, Chronican said the collaborative approach that steered the nation through the pandemic had left Australia and its economy in a strong position compared with many other countries.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/chanticleer/nab-chair-boards-must-push-executives-harder-20210301-p576pt