Australian Housing Dynamics and Affordability
STRENGTHENING OUR RISK CULTURE
We have strengthened the way we deal with risk events
through an enhanced Accountability and Consequence
Framework, which is applicable to all of our people.
In 2019 across the Group, 151 employees were dismissed
for breaches of our Code of Conduct. A further 516
employees received a formal disciplinary outcome, with
managers required to apply impacts to their performance
and remuneration outcomes as part of the annual review
process.
At the senior leadership level, 30 current or former senior
leaders (senior executives, executives and senior managers)
received a consequence in 2019 for Code of Conduct
breaches or findings of accountability for a material event,
or otherwise left the bank after an investigation had been
initiated.
The 30 employees represent 2 1% of the senior leader
population. The consequences applied included warnings,
impacts to performance and/or remuneration outcomes and
cessation of employment.
SENIOR LEADER CONSEQUENCES IN 2019*
Remuneration consequence
Warning/advice
No longer employed
23
12
7
* Individuals are included under all categories that are relevant, meaning one individual may be
reflected in multiple categories.
ANZ
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