CBA personnel under the microscope

CBA/

16 August 2016
| By Hope William-Smith |
image
image
expand image

The 2016 CBA Corporate Responsibility Report, used to track personnel progress and performance over the 2015-2016 financial year, has revealed the bank is on track with the expectations it outlined for employees in its 2016-2018 Corporate Responsibility Strategy.

CBA general manager of corporate responsibility, Kylie Macfarlane, said that the report was a way to comprehensively track how the bank was progressing against what it deemed to be the most important initiatives across the last financial year.

"Our Corporate Responsibility Strategy is a key part of how we deliver against our vision," she said.

"[It] provides a thorough overview of the progress we've made against the strategy over the last year, as well as our plans for the future."

The CBA strategy was split between the bank's role in society, its employees and general business conduct. With regards to employee conduct and professional presentation, the report stated that it had succeeded in its commitment to placing women in leadership roles, by setting a new 40 per cent target for executive manager and above positions by 2020.

Over the course of the last financial year, the report stated that more than 5,000 employees had been supported to volunteer in over 260 domestic and international organisations, reaching a total of 31,000 volunteer hours of work.

CBA reported that the bank would continue its current strategies and programs into the 2016-2017 year, with the goal of seeing employees and stakeholders holding places of value in the wider community.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 2 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 2 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 3 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

4 days 21 hours ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

1 week 3 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

2 weeks 1 day ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND