ANZ shareholders reject executive pay plan for second year in a row

<p>More than 32% of shareholder votes oppose executive pay report at heated Sydney AGM, after a year when bank was fined $240m by the financial regulator</p><ul><li><p><a href="https://www.theguardian.com/australia-news/live/2025/dec/18/bondi-terror-attack-beach-shooting-live-updates-victims-terror-gunmen-naveed-akram-sajid-asio-antisemitism-anthony-albanese-ntwnfb#top-of-blog">Follow our Australia news live blog for latest updates</a></p></li><li><p>Get our <a href="https://www.theguardian.com/email-newsletters?CMP=cvau_sfl">breaking news email</a>, <a href="https://app.adjust.com/w4u7jx3">free app</a> or <a href="https://www.theguardian.com/australia-news/series/full-story?CMP=cvau_sfl">daily news podcast</a></p></li></ul><p>ANZ shareholders delivered a “second strike” against the bank’s executive pay plans at a heated annual general meeting on Thursday, amid simmering anger over a string of regulatory breaches that included failing to refund fees charged to thousands of dead customers.</p><p>The bank was recently <a href="https://www.theguardian.com/australia-news/2025/sep/15/anz-bank-pays-record-240m-fine-for-widespread-misconduct-time-and-time-again-they-betrayed-the-trust-of-australians">hit with a record $240m in penalties</a> to settle four investigations by the corporate regulator into widespread misconduct that put public funds at risk, and affected tens of thousands of customers.</p> <a href="https://www.theguardian.com/australia-news/2025/dec/18/anz-shareholders-reject-executive-pay-plan-for-second-year-in-a-row">Continue reading...</a>

Read the full article at: The Guardian World →