ANZ today provided details of direct and proxy votes received for each resolution in advance of today’s Annual General Meeting (AGM).
Item 4, the resolution seeking shareholder approval of the proposed grant of restricted rights and performance rights to the Chief Executive Officer, Shayne Elliott, has been withdrawn from the meeting.
ANZ Chairman Paul O’Sullivan said: “We received majority support from shareholders to grant our CEO his long-term variable remuneration, however a substantial proportion of shareholders voted against the resolution.
“In recognition of shareholder views, to limit the impact on the Bank and to allow it to move forward, Shayne has decided to forfeit this year’s long-term variable remuneration,” Mr O’Sullivan said.
The proxy summary is included in Attachment One.
Attachment One
