The Conversation

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

Author: 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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