Philip Chronican

March 2024

Superannuation

NAB chairman Phil Chronican warns of conflicts of interest.

Super funds’ director picks may be conflicted: Chronican

The warning comes as AustralianSuper CEO Paul Schroder says his fund is reserving its right to put a director on Origin’s board, and as the funds train up cohorts of future directors.

Updated Mar 14, 2024
Hannah Wootton

September 2023

Big four

NAB chairman Phil Chronican at last year’s AGM. He said the board will consider linking pay to climate targets if a good measurement can be found.

NAB chairman says bonuses could be linked to climate

Phil Chronican is open to linking executive pay to hitting the bank’s net zero target, but is still looking for the right, robust measurement.

Sep 4, 2023
James Eyers

August 2023

Carbon challenge

Phil Chronican predicts a “lethargic” economic future unless Australia face up to hard choices in the net-zero transition.

‘Hard economic truths’ in the carbon shift

Heavy reliance on carbon-laden exports are making Australia complacent to the challenge of a net-zero world, says the National Australia Bank chairman Philip Chronican.

Aug 24, 2023
Jacob Greber and James Eyers

December 2022

AGM season

NAB chair Philip Chronican at the AGM on Friday.

NAB’s approach to managing bad debts has matured: chairman

Phil Chronican says the bank has got better at helping customers through a downturn as CEO Ross McEwan says an economic slowdown is inevitable.

Dec 16, 2022
Ayesha de Kretser and James Eyers

July 2022

Emissions

Diane Smith-Gander says boards must ensure enough views have been canvassed.

Smith-Gander warns boards to shape up on climate risks

Business leader Diane Smith-Gander has cautioned a lack of board diversity may hinder directors’ ability to oversee climate-related risks.

Aug 1, 2022
Sally Patten

July 2022

Carbon challenge

NAB chairman Philip Chronican shares the scepticism around banks’ “green lending” commitments.

‘Mind-bogglingly large’: Phil Chronican on the cost of transition

NAB chairman Phil Chronican is releasing research into Australia’s investment outlook over the next three decades, likening it to a speeded-up Industrial Revolution.

Jul 28, 2022
Jacob Greber

Big four

Emissions target will drive a green lending boom, says Phil Chronican

NAB’s chairman reckons $20 trillion of investments in the economy will need to be repurposed towards low-carbon technologies by 2050.

Jul 28, 2022
James Eyers, Jacob Greber and Ayesha de Kretser

Opinion
Chanticleer

NAB chairman Phil Chronican says political consensus on 2030 carbon reduction targets will drive a response from business.

NAB, Westpac bosses wade into divisive energy debate

Australian banks are ready and willing to lend billions of dollars to make the energy transition happen. But they want bipartisan political support and policy certainty.

Jul 28, 2022
Tony Boyd

Rear Window

ANZ chief executive Shayne Elliott announcing his takeover bid for Suncorp Bank.

ANZ is paying for Shayne Elliott’s failure

The playbook at ANZ Banking Group only gets more surreal.

Jul 18, 2022
Joe Aston

November 2021

Rear Window

Company director and investor James Spenceley.

James Spenceley still learning to cope with negative feedback

Spenceley has found the part of this story he finds psychologically safe to engage with.

Nov 4, 2021
Joe Aston

April 2021

Opinion
Chanticleer

National Australia Bank chairman Phil Chronican says short-term macro-prudential controls are inevitable.

Why the budget is likely to disappoint business

Bosses want a 20 per cent investment allowance to boost capital investment, but this is unlikely to gain traction with Treasurer Josh Frydenberg.

Apr 20, 2021
Tony Boyd

March 2021

Rear Window

Jefferies veteran banking analyst Brian Johnson.

Jefferies analyst Brian Johnson leans into the weekend

There was Johnson on Friday night at Paddington power diner Fred’s with NAB chairman Phil Chronican.

Mar 22, 2021
Joe Aston

BOSS

“I think that what we’ve learnt is that we’ll come back [economically from COVID], but we will come back in a different form,” says NAB chairman Phil Chronican.

NAB chairman warns some sectors may never recover

Companies that fail to adjust to the post-COVID economy risk losing bank funding, Phil Chronican says.

Mar 1, 2021
Sally Patten

Opinion
Chanticleer

NAB chairman Philip Chronican: “Australia has to capitalise on its post-COVID advantages.”

NAB chairman: boards must push executives harder

Phil Chronican says bold strategy and 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.

Updated Mar 1, 2021
James Thomson

Exclusive
Earnings season

“We’ve been gifted it, so let’s not waste it,” outgoing SEEK chief executive Andrew Bassat says.

Invest big to ‘break away from the pack’: top CEOs

Companies must reinvest in their operations and reinvent their companies more aggressively or risk squandering the advantage handed to them by Australia’s adroit management of the pandemic.

Mar 1, 2021
Lucas Baird, Sally Patten and Natasha Gillezeau

December 2020

AGM season

NAB believes the economy will be back to 2019 levels of growth by the end of 2021.

‘We have seen in Sydney how quickly things change’: NAB chairman

NAB’s chairman Phil Chronican has told the bank’s annual meeting the health situation remains volatile but he’s confident the economic recovery will continue.