![Mike Smith: "Regulation and corporate governance have got people into such a state that you have got public boards who ...](http://web.archive.org./web/20170817041713/http://www.afr.com/content/dam/images/g/x/j/4/0/c/image.related.afrIndexLead.160x106.gxu4rz.png/1502709137078.jpg)
Risk-averse boards blamed for Asia failure: Mike Smith
Former ANZ Banking Group CEO Mike Smith has blamed short-term investors and too many lawyers and accountants on boards for ANZ Bank's failure in Asia.
Patrick Durkin is Melbourne Bureau Chief and Boss Deputy Editor. He writes on News, Business and Leadership specialising in Management, Company Culture, Innovation. Based in our Melbourne newsroom, Patrick is an award-winning journalist, former lawyer and fellow of the Asia Pacific Journalism Foundation.
Former ANZ Banking Group CEO Mike Smith has blamed short-term investors and too many lawyers and accountants on boards for ANZ Bank's failure in Asia.
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