Commonwealth Bank of Australia's board should consider withholding the bonuses of its 13 top executives pending the outcome of the latest scandal affecting the country's largest listed company.
It would send a strong message to shareholders, customers, politicians and the public that the bank was taking the allegations seriously and was focused on its internal risk management systems. The internal control of its risk management systems is at the centre of the latest scandal.
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Anne Hyland is the Financial Review’s Companies Editor. She’s a former deputy editor of Good Weekend and Asia correspondent for The AFR. Email Anne at ahyland@afr.com
