Commonwealth Bank shareholders have a problem. Their boardproposes to link CEO Ian Narev's and other senior executive's long- term bonuses to 'soft targets' and new performance hurdles relating to people and culture. Narev was paid $12.3 million last year, significantly more than other Big Four Bank bosses.

The 'culture bonus' is a key concern of shareholders as theybelieve it will reward executives for simply doing their job at the same time as bank returns are falling. The shareholders are also concerned that directors and senior executives will receive multi- million dollar bonuses despite a series of recent scandals.

The remuneration proposals are presented to the shareholders atthe company's AGM in a remuneration report.

In groups, suggest a course of action the shareholders could take regarding the remuneration proposals.