News

Fri Nov 29

Vital Signs: let's not weep for Westpac's board, but directors do need help

Written by Richard Holden, Professor of Economics, UNSW

There are many reactions one can have to the shocking revelations of Westpac’s failure to comply with Australia’s anti-money-laundering requirements.

One reaction is it’s not that big a deal – along the lines of now-ousted chief executive Brian Hartzer reportedly telling senior executives “this is no Enron” and...

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