Overview
- About 32.3% of votes opposed ANZ’s remuneration report, triggering a spill vote under Australia’s two‑strike rule.
- Only 1.45% supported removing the board, with nearly 98% voting against the spill resolution.
- CEO Nuno Matos proposed to forgo his short‑term bonus, and Australia‑based executives will also miss short‑term incentives.
- The board rejected calls to cut director fees, as chair Paul O’Sullivan defended its governance oversight and leadership changes.
- ANZ is managing a A$240 million ASIC settlement, roughly 3,500 role cuts plus 1,000 contractors, a 14% cash profit fall to A$5.8 billion, and a A$13.5 million clawback dispute with former CEO Shayne Elliott now before the court.