Briefs: CBA's CEO bonus targets defined, two directors retire from CBA board

  • Ian Narev, CEO of Commonwealth Bank, will qualify for A$4.1 million in bonus shares. Narev will qualify for three quarters of the bonus if the bank's total shareholder return is in the top quartile of a peer group of more than a dozen (non-resource) companies listed in the top 20 on the ASX. The remaining quarter depends on the bank improving its customer satisfaction rating against rivals.
  • Colin Galbraith and Fergus Ryan will leave the board of Commonwealth Bank next month after 12 years. The bank is yet to announce their replacements.