Female company directors crack 30pc glass ceiling for first time

The percentage of women on ASX 200 company boards has hit 30 percent for the first time. 

However, seven companies in the index have been outed for having no female directors at all. 

Company director Nicola Wakefield Evans, chair of the 30 percent Club, tells ABC's Peter Ryan that companies now need to achieve greater cultural diversity and representation of people with disabilities. 

Source: Australian Institute of Company Directors 

NAB top brass face angry shareholders as "fees for service" scandal goes to court

National Australia Bank chief executive Ross McEwan says he wants a "constructive" relationship with regulators as ASIC takes the bank to court over the fees for no service scandal. 

Shareholder and former Labor senator Chris Schacht has once again labelled the NAB board "failed capitalists" for the reputational and financial damage as a result of last year's banking Royal Commission. 

Here's my report from The World Today

NAB facing massive fine as ASIC launches "fees for no service" court action. I speak with ASIC deputy chairman Dan Crennan who says "it's possible" that former NAB chief executive Andrew Thorburn could be called as a witness

National Australia Bank is facing a theoretical fine that could run into the billions of dollars as the "fees for no service" scandal heads to court. 

The Australian Securities & Investments Commission says NAB allegedly breached conditions of its financial services licence and failed to act honestly and fairly. 

ASIC deputy chairman Dan Crennan tells ABC's Peter Ryan it is possible that former NAB chief executive Andrew Thorburn could be called as a witness.

Banking watchdog to investigate Westpac over possible banking act breaches in money laundering scandal

Australia's banking watchdog has announced a full scale investigation into Westpac and whether the banking giant broke the law as part of its money laundering and child exploitation scandal. 

The investigation could have major consequences for Westpac directors and senior executives that could see individuals disqualified from working in the banking industry. 

ABC's Peter Ryan says the APRA investigation will send a chill through banking boardrooms around Australia.

Woolworths apologises again for worker wages ripoff, faces modern slavery claims

Supermarket giant Woolworths has once again apologised for underpaying its staff as much as $300 million in the one of the several underpayment scandals that have damaged the reputation of corporate Australia this year. 

But chairman Gordon Cairns told the company's annual general meeting this morning that's he's proud of the way Woolworths handled the underpayments and that workers are now being paid back. 

The meeting has also heard complaints about the way suppliers allegedly treat farm workers and that some conditions amount to modern slavery.

Here's my report from The World Today