Tag: Commonwealth Bank
Westpac appoints two new non-executive directors
Debra Hazelton and David Cohen both bring extensive financial services expertise to the Australian banking organisation.
Commonwealth Bank faces record fine over money laundering failings
Australia’s largest bank receives AU$700m fine for failings on money laundering regulation, thought to be the biggest civil penalty ever imposed in Australia.
Are directors courting legal action by keeping quiet on climate risk?
In Australia recently, shareholders filed legal action against Commonwealth Bank—it had allegedly failed to disclose climate risk accurately. Could this be the first of many such cases? How should directors report on climate change risks in the face of an uncertain future?