Australia's Commonwealth Bank chairwoman defends 'under oath' claim she challenged board [Reuters (UK)]
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Source: Reuters
Australia's Commonwealth Bank chairwoman defends 'under oath' claim she challenged board | Reuters 3 Min Read SYDNEY (Reuters) - Commonwealth Bank of Australia’s ( CBA.AX ) chairwoman on Wednesday stuck to her testimony to a financial sector inquiry that she raised governance concerns with senior management, even though lawyers said there were no records of her doing so. In her second consecutive day in the witness stand at the quasi-judicial inquiry, Catherine Livingstone said she had confronted management at a board meeting in late 2016 after regulators warned the bank about breaches of anti-money laundering and terror-financing laws (AML/CTF). “Do you accept that they (the minutes) don’t record a very significant exchange that you say occurred at this meeting but which we have no record of?” barrister assisting the inquiry Rowena Orr asked. “I do accept that, but I am also aware that I am giving evidence under oath. To the best of my recollection, it was at the October board meet
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