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'We will see a lot more boards stepping up'

Ian Narev, Commonwealth bank Australia boss.

Directors risk being in breach of their duties where it can be proven that poor corporate culture within a company contributed to a financial loss.

Andrew Charlton from AlphaBeta warns automation is a huge productivity shock but "productivity shocks are only valuable ...

Automation could add $2.2trn to economy

Australia could miss out on an extra $2.2 trillion after a new report found it is lagging well behind its global peers in automation.

Dealing with all this has far more in common with political management than whatever passes for strictly business these days.

CBA now more politics than business

There was never going to be a good time for the Commonwealth bank to reveal the details of close to $10 billion in profit and generous executive pay scales.

Contains:
Video

More records on Wall St sets the scene for an upbeat ASX start.

JCP to open doors to retail investors

Future Fund manager JCP Investment partners will throw open its doors to retail investors for the first time.

Treasurer Scott Morrison has hauled in CBA chairman Catherine Livingstone over the bank's money laundering scandal.

CBA matter is 'very, very serious'

Treasurer Scott Morrison says he has spoken to Commonwealth Bank of Australia chairman Catherine Livingstone in the wake of last week's money laundering allegations.