Original article by James Frost, Aleks Vickovich, James Eyers, Sally Patten
The Australian Financial Review – Page: 1 & 10 : 31-Jan-20
Terry McMaster claims the Hayne royal commission, which handed down its final report in February 2019, was a waste of time and money. McMaster, the former head of Dover Financial, is the only person to be convicted as a direct consequence of the commission thus far. A number of high-profile executives left the financial services sector after appearing before the commission, or being implicated in evidence presented to it; only a small number of those individuals have returned to corporate life. One witness has stated they felt they were abandoned by their company after appearing before the commission, while some hold the view that women wore the burden of the commission disproportionately to men.
DOVER FINANCIAL ADVISERS PTY LTD, AMP LIMITED – ASX AMP, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, IOOF HOLDINGS LIMITED – ASX IFL, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, WESTPAC BANKING CORPORATION – ASX WBC