Some corporate groups are rethinking their advocacy policies in line with a global trend in which companies aligning with social causes are encountering increasingly forceful opposition.
For Commonwealth Bank of Australia, it should have been a good news day.
On a sunny Wednesday in October, it was the bank’s annual general meeting and chairman Paul O’Malley and the executive team had an enviable set of results to share. The bank had produced a net profit after tax of more than $10 billion, paving the way for a fully franked dividend of $4.50 a share – an improvement of almost 20 per cent on the year before.
Samantha HutchinsonNational reporterSamantha Hutchinson is the AFR's National Reporter. Most recently, she was CBD columnist for The Sydney Morning Herald and The Age. Before that, she covered Victorian and NSW politics and business for The Australian, the AFR and BRW Magazine. Connect with Samantha on Twitter. Email Samantha at samantha.hutchinson@afr.com.au
