Corporate governance failure and its impact on National Australia Bank's performance Thomson, Dianne and Jain, Ameeta 2006, Corporate governance failure and its impact on National Australia Bank's performance, Journal of business case studies, vol. 2, no. 1, pp. 41-55. Attached Files Name Description MIMEType Size Downloads Title Corporate governance failure and its impact on National Australia Bank's performance Author(s) Thomson, Dianne orcid.org/0000-0002-8189-7854 Jain, Ameeta orcid.org/0000-0001-7912-0539 Journal name Journal of business case studies Volume number 2 Issue number 1 Start page 41 End page 55 Publisher The Clute Institute for Academic Research Place of publication Littleton, Colo. Publication date 2006 ISSN 1555-3353 Summary The National Australia Bank (NAB) is the largest financial services institution listed on the Australian stock exchange and is within the 30 most profitable financial services organisation in the world. In January 2004, the bank disclosed to the public that it had identified losses relating to unauthorised trading in foreign currency options amounting to AUD360 million. This foreign exchange debacle was classified as operational risk, the risk of loss resulting from inadequate or failed processes, people, or systems and reiterated the importance of corporate governance for banks. Concurrent issues of National Australia Bank’s AUD4.1 billion loss on US HomeSide loans in 2001, the degree of strength of their risk management practices and lack of auditor independence, were raised by the US Securities and Exchange Commission in 2004, reinforcing the view that corporate governance had not been given the priority it deserved over a number of years. This paper will assess and critically analyse the impact of corporate governance failure by management and Board of Directors on NAB’s performance over the years 2001-2005. Language eng Field of Research 150203 Financial Institutions (incl Banking) HERDC Research category C1 Refereed article in a scholarly journal Copyright notice ©2006, The Clute Institute for Academic Research Persistent URL http://hdl.handle.net/10536/DRO/DU:30003499 Document type: Journal Article Collections: Faculty of Business and Law School of Accounting, Economics and Finance Related Links Link Description Connect to published version (restricted access) Go to link with your DU access privileges     Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved. Versions Version Filter Type Sat, 04 Dec 2021, 04:19:56 EST Wed, 27 Aug 2014, 21:22:21 EST Filtered Full Citation counts:   Cited 0 times in TR Web of Science Cited 0 times in Scopus Search Google Scholar Access Statistics: 2982 Abstract Views, 0 File Downloads  -  Detailed Statistics Created: Mon, 07 Jul 2008, 08:54:54 EST