AAP Finance

Former CBA boss misses $16m in bonuses

By AAP Newswire

Former Commonwealth Bank boss Ian Narev has forgone about $16 million in potential bonuses as part of a $100 million-plus cut to pay for the bank's executives following a raft of scandals.

Mr Narev - who stepped down in April in the wake of CBA breaching money-laundering laws - has lost $2.047 million in short term incentives and missed up to $13.9 million in long term incentives, according to CBA's annual report.

Remuneration committee chairman David Higgins says in the annual report that CBA's highest-ranking senior executives "have been held accountable for the bank's performance over the past year", including former executives.