Paul O’Malley defended a $2 million contribution to the Yes campaign, which he said is consistent with CBA’s support of Indigenous communities.
Commonwealth Bank chairman Paul O’Malley said a $2 million contribution to the Yes campaign for a Voice to Parliament is consistent with the bank’s values, after some shareholders argued it should not be allocating bank capital to support what they considered a political campaign.
Commonwealth Bank chairman Paul O’Malley and CEO Matt Comyn at the bank’s AGM in the ICC in Sydney on Wednesday morning.Mr O’Malley said CBA had decided to back the Voice because its “benefits are broad”.“Our own experience has been that listening to Indigenous voices has improved the way we support First Nations customers, employees and community members.
Mr O’Malley assured him the board had given careful consideration to the bank’s support for the referendum outcome. He said the bank had received several pre-submitted questions from shareholders on whether it was part of the bank’s role to support the Voice.
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