An act of utter corporate bastardry – but there was no alternative.  When the Commonwealth Bank’s new duo of chairman Catherine Livingstone and CEO Matt Comyn used their spell at the Hayne Royal Commission this month to hang their predecessors (and by inference seven recently-replaced board members) out to dry, their  aim was not just to save their own skins; the bank’s commercial status depended on  evidence not only that the dramatic change in the bank’s culture required by this year’s damning report by the Australian Prudential Regulation Authority was being implemented, but also that the Royal Commission’s savaging of...