Business Studies - National Australia Bank chairperson Ken Henry - Editorial Writing Assignment Help

Business Studies - National Australia Bank chairperson Ken Henry - Editorial Writing Assignment

Case Study:

National Australia Bank chairperson Ken Henry has admitted the bank got it wrong on executive pay in 2018 and says it will revamp its pay structure as the bank faced an unprecedented investor revolt, with the highest ever vote against a remuneration report in corporate history.

More than 88 per cent of shareholders opposed the report at NAB's annual general meeting in Melbourne, following earlier signals from shareholders with proxy voting powers including the Australian Council of Superannuation Investors (ACSI), Australian Shareholders Association (ASA), Ownership Matters and Institutional Shareholder Services that they would be voting against NAB's remuneration report.

"To put it bluntly, in the capitalist system, the board and senior management are failed capitalists," investor Chris Schacht told NAB's AGM in Melbourne. "You have destroyed billions and billions of dollars [of shareholder] value. ...You are the unacceptable face of capitalism."

Task:

You will research the executive remuneration issue following revelations at the Royal Commission in 2018. Write two editorials (500 word limit for each editorial), one for each of two different media outlets that have different readerships, owners and perspectives (for example, if you choose print media, your two editorials might be from The Australian newspaper and the Financial Review newspaper).

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