Would you prefer to deposit your money in a bakery or a bank? In Australia, the bank wins every time. In Europe, some people see their local baker as a better bet than the local bank.
To understand the frightening dimension of the financial crisis unfolding in Europe you need to do two things. Firstly, think of Indonesia’s 2004 tsunami and how it devoured everything in its path.
Facing up to shareholders at annual meetings, and the two-strikes policy on remuneration reports, are both confronting for company directors, but so far this year they have delivered benefits.