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Australia and New Zealand Reforms Remuneration Structure

Aug 06, 2019 - Targeted News Service

Australia and New Zealand Banking Group issued the following news release:

ANZ has today announced wide-ranging reforms to its remuneration structure across the Group replacing individual bonuses for the vast majority of employees with an incentive based on the overall performance of the Group.

Redesigning how staff are rewarded was one of the 16 key initiatives ANZ announced in February as part of its initial response to the Royal Commission recommendations and will lead to better o...