National Australian Bank to face protest against executive pay.
Global Banking News-December 19, 2018--National Australian Bank to face protest against executive pay
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Global Banking News - 19 December 2018
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National Australian Bank (NAB:ASX) is expected to be hit by protests against executive pay.
Analysts say that the bank is facing the largest ever protest vote in Australian corporate history against management remuneration.
Chair, Ken Henry, while addressing the bank's annual general meeting, acknowledged that the bank had got it wrong in terms of remuneration. Shareholders protested after the firm planned to pay the executives team bonuses despite a slew of serious financial and ethical problems in 2018.
Shareholders...
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