Title One year after the royal commission, banks haven't fixed executive pay packets Degree of recognition International Media name/outlet ABC PM Media type Television Duration/Length/Size 4 minutes 28 seconds Country/Territory Australia Date 3/02/20 Description
Today marks a year since the formal conclusion of the banking royal commission and the financial horror stories it coughed up day after day.
Industry experts say shining a spotlight on the unethical, and at times, illegal behaviour plaguing the sector has helped reshape it for the better.
However they're also concerned about how little is being done to reign in obscene executive pay packets - especially when Commissioner Hayne himself admitted chasing bonuses had clouded many executives' judgement.
Fix that problem, they say, and you'll see real, long-lasting positive change in Australia's banking sector and the wider economy.
Producer/Author David Taylor & Linda Mottram URL https://www.abc.net.au/radio/programs/pm/banks-need-to-address-executive-pay-packets,-finance-experts-say/11925254 Persons Elizabeth Sheedy