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AAP
AAP
Derek Rose

ANZ board won't follow CEO's lead and sacrifice fees

ANZ Nuno Matos Paul OSullivan
A shareholder group has taken aim at ANZ's directors after a troubled year for the bank. (Joel Carrett/AAP PHOTOS)

The board of a major Australian bank won't be following the lead of its new chief executive and sacrifice some of their fees in the spirit of accountability after a rocky few months.

ANZ was slapped with a record $240 million penalty by the financial regulator in September for "widespread misconduct", including the mishandling of a 2023 bond deal for the federal government.

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