BOQ might fail as a result of the AAD disaster affecting AAD Director, Roger Davis, CSR Chair overseeing Audit and Risk at AAD and BOQ Chairman.
Fairfax in typical form on its AFR site has a reporterThomas CLarke not blaming the CEO but the Chair of the CSR committee charging with auditing and risk management quality.
Roger is quoted by the paper as trying to blame external inspectors, regulators acceptance of safety and auditors.
Does not wash that the "quality of rigorous risk management practices" and "risk commitment" is not for the CEO Thomas but the Chair of an Audit and Risk Committee.
BOQ would be a bigger fail as retail account holders would be guaranteed some of their money by the Federal/ Central Government scheme.
Queensland very much in a penalty box, not just AAD, VRL and BOQ in trouble. Queensland companies and their Directors 0 Insurance 1, the insurers will heighten premiums well beyond the end zone/ touchline/ goal posts.
I think not only AAD but corporate Australia and its"risk profile" might be in a lot of trouble if FXJ's blame shift carries copy.
