Overview

• More than 25% of shareholders voted against Macquarie’s FY25 remuneration report, triggering a first strike under Australian corporate rules.
• Chief financial officer Alex Harvey stepped down after a 28-year tenure, signaling a shake-up in senior leadership at the AGM.
• The board said pay penalties linked to the pending ASIC short-selling lawsuit will be enforced in the current financial year.
• ASIC’s court action over alleged systemic short-selling misreporting remains ongoing, following multiple regulatory measures imposed this year.
• Proxy adviser CGI urged investors to reject the pay report, arguing that the company’s existing cuts did not sufficiently address recent compliance failures.