When asked by Leigh Sales whether he had been 'defensive' at the royal commission, Dr Ken Henry agreed that he 'should have been much more open'
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Andrew Thorburn and Ken Henry step down from NAB posts | Sky News AustraliaNational Australia Bank CEO Andrew Thorburn and Chairman Ken Henry announced their resignations in the wake of a scathing assessment by the banking royal commission.\n\nMr Thorbun will depart on February 28 while Mr Henry will leave his role once his replacement has been found.\n\nThe bank’s corporate leadership was heavily criticised in the royal commission’s final report, which claimed it did not take ‘necessary responsibility’ for its culture failings.\n\nThe bank has confirmed ex-ANZ Australia boss and current NAB board member Philip Chronican will take over as interim boss from March 1.\n\n\n\n\n
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NAB’s Andrew Thorburn and Ken Henry resign after banking royal commissionNAB chief executive Andrew Thorburn and chair Ken Henry have stepped down after being singled out at in the banking royal commission’s final report.
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Thorburn, Henry resign in NAB leadership shakeup | Sky News AustraliaNational Australia Bank CEO Andrew Thorburn and Chairman Ken Henry announced their resignations in the wake of a scathing assessment by the banking royal commission.\n\nThe bank has confirmed ex-ANZ Australia boss and current NAB board member Philip Chronican will take over as interim boss.\n\nThe bank’s corporate leadership was singled out by Commissioner Kenneth Hayne, who said the company didn’t appear to be taking responsibility for what had gone wrong and had continued to blame faults on administrative errors.\n\n\n
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NAB bosses 'cop scathing criticism' in banking royal commission | Sky News AustraliaThe banking royal commission has given 76 recommendations in total that cover banks, superannuation, mortgage brokers and financial advisors.\n\nThe final report gives 22 referrals of 19 banks and other financial institutions to Australian Securities and Investments Commission and Australian Prudential Regulation Authority, which may lead to criminal prosecutions.\n\nSky News host David Speers says the report does not ‘name names’ of who should be criminally prosecuted but the NAB CEO Andrew Thorburn and chair Dr Ken Henry ‘copped some scathing criticism’, saying they were the most criticised individually.\n\nBanking royal commissioner Kenneth Hayne QC says he not persuaded the NAB is willing to accept responsibility for deciding the right thing to do in the future and requiring their staff to act accordingly. \n\n
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NAB CEO, chairman resign after royal commission reportNAB chief executive Andrew Thorburn and chairman Ken Henry have resigned from their roles amid the fallout from the banking royal commission report.
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NAB in halt ahead of ‘leadership changes’NAB shares have been placed in a trading halt ahead of an announcement about “leadership changes” amid speculation over the futures of chief executive Andrew Thorburn and chairman Ken Henry.
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NAB CEO resigns after trading haltBREAKING: NAB CEO Andrew Thorburn and Chairman Dr Ken Henry will leave the bank. 9News More here:
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Financial institutions face possible charges following final banking royal commission report | Sky News AustraliaThree financial institutions could face possible criminal charges after the final report into the banking royal commission was publically released.\n\nBanking royal commissioner Kenneth Hayne QC has made at least 20 civil and criminal referrals to APRA and ASIC within the 76 recommendations handed down in the report - involving companies including the Commonwealth Bank, NAB, ANZ and AMP but stopped short of calling for individual banking executives to be prosecuted.\n\nMr Hayne said he was not confident NAB had learned the lessons from the past as he criticised its CEO Andrew Thorburn and chair Dr Ken Henry.\n\n\n\n\n\n\n
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Financial institutions face possible charges following royal commission report | Sky News AustraliaThree financial institutions could face possible criminal charges after the final report into the banking royal commission was publically released.\n\nBanking royal commissioner Kenneth Hayne QC has made at least 20 civil and criminal referrals to APRA and ASIC within the 76 recommendations handed down in the report - involving companies including the Commonwealth Bank, NAB, ANZ and AMP but stopped short of calling for individual banking executives to be prosecuted.\n\nMr Hayne said he was not confident NAB had learned the lessons from the past as he criticised its CEO Andrew Thorburn and chair Dr Ken Henry.\n\n\n\n\n\n\n
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NAB shares in trading halt as bank set to announce leadership changesBreaking: National Australia Bank is set to announce changes in leadership, days after chairman Ken Henry and CEO Andrew Thorburn were slammed in the royal commission
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