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CEO Vittoria Shortt says when ASB finds issues it works with regulators to fix them as interim results highlight 3 court cases against the bank
12th Feb 26, 10:03am
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2 Comments
No mistake is likely to be corrected without first admitting one has been made. Far too often the latter is a more protracted and obdurate process than what is actually involved in the former. There was once in business a good adage proclaiming that it is the putting right that counts most. Virtually forgotten though.
Absolutely, but one still has to ask why does it need to get to court before they admit the error and then work to fix it? The costs of those complaints would probably deter a lot unless it is a regulatory authority do it. I'd suggest the ASB needs to raise the bar on itself somewhat.
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