Your morning Briefing

Welcome to your morning digest of the top stories of the day.

Hello readers and welcome to your two-minute digest of what’s making news today.

Commonwealth Bank of Australia chairperson Catherine Livingstone (left) with CEO Matt Comyn (right) pose for a portrait in Sydney, Tuesday, May 1, 2018. Federal Treasurer Scott Morrison has labelled a report by the banking regulator, Australian Prudential Regulation Authority, into Commonwealth Bank of Australia as "damning". (AAP Image/Dean Lewins) NO ARCHIVING

‘Inadequate oversight’

The CBA is expected to cut executive pay again this year and has been slammed for a culture where no one learned from mistakes. CBA chairman Catherine Livingstone has been forced to defend the choice of an insider CEO to lead an overhaul of culture, while John Durie suggests the bank has become blinded by the chase for profit. Adam Creighton, meantime, writes that the bank needs real change, not soft words.

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AMP CEO Craig Mellor stands on stage with Chairman Catherine Brenner before their AGM in Sydney, Thursday, May 11, 2017. (AAP Image/David Moir) NO ARCHIVING

Quotas ‘not to blame’

Australian Institute of Company Directors chairwoman Elizabeth Proust has rejected suggestions a push for more women on boards has led to inexperienced women being promoted too early.

“It’s disappointing that the media, including social media, is responding to issues coming out of the royal commission through a gender lens. More than 72 per cent of the ASX 200 directors are men, so why the focus on gender diversity ?”

Elizabeth Proust

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Eric Lobbecke oped cartoon for 02-05-18Version: Ozoped Artwork (1280x720 - Aspect ratio preserved, Canvas added)COPYRIGHT: The Australian's artists each have different copyright agreements in place regarding re-use of their work in other publications.Please seek advice from the artists themselves or the Managing Editor of The Australian regarding re-use.

No race tsar

Applications have opened for the position of race discrimination commissioner. Janet Albrechtsen says we don’t need one, and while we’re at it, she would like to see the ‘inept’ Human Rights Commission’s sails trimmed.

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Home Affairs Minister Peter Dutton with Julie Bishop during Question Time in the House of Representatives in Parliament House Canberra.

Spy v spy

Tensions in Malcolm Turnbull’s cabinet have been exposed after Home Affairs Minsister Peter Dutton said there was a “case to be made” about expanding the powers of Australian cyber spies, ­rebuking Foreign Minister Julie Bishop who earlier claimed there was no need for enhanced security changes.

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Jackson Hastings pictured during the Canterbury-Bankstown Bulldogs v Blacktown Workers Sea Eagles game held at the Belmore Sports Ground in Belmore.Picture: Christian Gilles

No action, Jackson

Jackson Hastings is still an outcast, writes Will Swanton. He’s been named in Manly’s squad to play the Sydney Roosters but the polarising figure at the centre of the Sea Eagles’ infighting was missing from yesterday’s bruising training session and was rated virtually no chance of making the final 17-man squad by Jake Trbojevic.