This paper examines board responsibilities and accountability by management and Board of Directors in relation to the National Australia Bank's (NABs) performance. The NAB, an international financial service provider within the top thirty most profitable banks in the world, is compared with the...

stock exchange and is within the 30 most profitable financial services organization in the world. In January 2004, the bank disclosed to the public that it had identified losses relating to unauthorized trading in foreign currency options amounting to AUD360 million. This foreign exchange...