Our board moves wrap includes Gernot Abl, Adam Jacoby, Roger Jackson, Raj Ray, Adam Zorzi, Chris Sutherland, John Young, Li Yi, James Phipps, and Lindsay Maxsted.
Westpac has named "battle-hardened" banking veteran John McFarlane as its next chairman to help it recover from the fallout of a massive money laundering and child exploitation scandal.
Former Wesfarmers executive Terry Bowen is planning to reduce his involvement at private equity group BGH Capital after taking an expanded board role at BHP and joining the board of Transurban.
Westpac has been handed a second strike on executive pay but dodged a potential board spill despite shareholders roasting the bank over its child exploitation scandal.
Westpac is allowing investors to withdraw from a $500 million share purchase plan it launched two weeks before a money laundering and child exploitation scandal hit the lender's share price.
Westpac chief executive Brian Hartzer is stepping down and chairman Lindsay Maxsted will follow as Australia's second largest bank tries to keep hold of customers appalled at its money laundering and child exploitation scandal.
OPINION: The Westpac transactions scandal exposes its dependence, and that of the other banks, on computerised processing to replace people and cut costs.
