Dec 19 (Reuters) - National Australia Bank Ltd (NAB) :
- "BOARD CAME TO VIEW LONG BEFORE COMMISSION STARTED THAT OUR EXECUTIVE REMUNERATION SCHEME WAS NOT RIGHT"
- THERE WAS A RISK THAT LONG-TERM INCENTIVE SCHEME MIGHT EVEN BE ENCOURAGING SHORT- TERM THINKING, VALUE-DESTROYING BEHAVIOURS
- "NO MATTER WHAT HAPPENS HERE TODAY, MORE THAN 80 PER CENT OF VOTES CAST ON OUR REMUNERATION REPORT WILL BE 'AGAINST'"
- "WE WILL GET OUR EXECUTIVE REMUNERATION SETTINGS RIGHT, TO SATISFACTION OF OUR SHAREHOLDERS"
- DESPITE SOME ECONOMIC HEADWINDS, BUSINESS CONDITIONS ARE HOLDING AT LEVELS ABOVE LONG RUN AVERAGE
- REVERSED DECISIONS TO CLOSE NAROOMA & DUNGOG BRANCHES IN NSW & WON'T BE CLOSING ANY BRANCH IN DROUGHT-DECLARED REGIONAL AREAS
Source text: bit.ly/2QBSEWw
(([email protected];))
News: NAB NAB Says Board Came To View Long Before Commission Started That Executive Remuneration...
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