NAB runs into a governance bin fire with a boozy accelerant

NAB board backs CEO Irvine as investors demand ‘please explain’

The bank’s shareholders say directors must clarify discussions with the executive, warning there was a “lack of confidence in the investing public”.

NAB runs into a governance bin fire with a boozy accelerant

Shareholders airing their grievances about executive behaviour is pretty unusual. And for institutional investors to draw attention to a chief executive’s drinking as a red flag is even rarer.