Business
‘Since when do you get a bonus for fixing a failure?’: CBA defends top exec pay ahead of AGM – Sydney Morning Herald
A key proxy adviser has recommended shareholders vote against CBA’s remuneration report.
There has been intense scrutiny over pay for top banking executives since the damaging revelations of the Hayne royal commission. Last week the Reserve Bank of Australia said the banking regulator would soon resume work on ensuring executive pay was tied to targets that encourage good practice and culture.
CBA chief executive Matt Comyn is set to receive a base salary plus short and long-term bonuses totalling over $3.4 million, meaning his total pay for the year will be more than $5.6 million,…
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