Kraehe’s first NAB priority is trading scandal

In a letter to shareholders, National Australia Bank chairman Graham Kraehe states that his top priority is to deal with bank's $360 million foreign exchange trading scandal in an “open and transparent manner”. He said he will strive to create a culture of transparency at the bank and lead by example.
Mr Kraehe also pledged to speed up the renewal of NAB's board, with the appointment of new directors who have financial services industry experience.