Tomorrow, National Australian Bank shareholders will deliver their verdict on Michael Chaney's boardroom career.

It won't end in tears -- the institutions will play ball and re-elect "Mr Perfect" as chair -- but for the first time in a long time there will be questions to answer for the man they call "St Michael" when the doors swing open at the People's Bank AGM in Perth. Anything less than full confidence would represent a savage slapdown for the proud product of an overachieving WA family who famously transformed Wesfarmers from a rural services firm into a diversified sharemarket darling.