The triumphant return of the CFMEU to the board of Cbus was this week achieved, to the noted unease of the prudential regulator.
APRA doesn’t yet consider Cbus has properly reviewed its board governance (as it is required to), and says it will consider “whether further action is appropriate”. Foolhardy is the financial institution which thumbs its nose at its regulator.
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Myriam Robin is Rear Window editor based in the Melbourne newsroom. A Rear Window columnist since 2017, she previously reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com
