I’m inclined to agree. The sector will be cleaned up hopefully. Change should bring much tighter controls that restrict this bad behaviour. I also btw think it will generally bring further focus on all directors even outside of banking sector. Don’t forget many of these AMP directors also sit on other boards. Big ask, because of self interest of companies but different times now. We investors want to earn a buck but most do not want to do that at the expense of customers.
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I’m inclined to agree. The sector will be cleaned up hopefully....
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