CBA Drops Short-Term Exec Bonuses Amid Money-Laundering Suit
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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CBA AU (Commonwealth Bank of Australia)
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Ian M Narev (Commonwealth Bank of Australia)
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UUID: 7947283
(Bloomberg) -- CBA’s board has decided to reduce to zero the Short-Term Variable Remuneration outcomes for the CEO Ian Narev and group executives for the financial year ended June 30, 2017, it says in a statement to the ASX.
- Decision made after "consideration to risk and reputation matters impacting the group"
- Narev "retains the full confidence of the board"
- Non-executive director fees to be reduced by 20% in FY18
- NOTE: Commonwealth Bank Sued for Alleged Money Laundering Breaches
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
CBA AU (Commonwealth Bank of Australia)
People
Ian M Narev (Commonwealth Bank of Australia)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283