November 5, 2018 / 4:04 AM / 11 days ago

Australia's ANZ cuts executive pay amid royal commission scrutiny

Nov 5 (Reuters) - Top executives of Australia and New Zealand Banking Group face a reduction in their base fees for fiscal 2019, the bank said on Monday, after the findings of a damning financial sector inquiry invited intense scrutiny.

Fees will be cut 20 percent for non-executive directors and the chairman next year, it said in an annual report. (Reporting by Ambar Warrick in Bengaluru; Editing by Clarence Fernandez)

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