ANZ's CEO waives $3.2M bonus after shareholders reject pay plan, marking the bank's first AGM setback in six years.

ANZ's CEO, Shayne Elliott, has waived a $3.2 million bonus after nearly 40% of shareholders voted against the bank's executive pay plan at its AGM. This marks ANZ's first AGM strike in six years, with shareholders expressing dissatisfaction over perceived mismanagement and reputation issues. ANZ's chairman acknowledged the feedback, noting the bank faced challenges in managing non-financial risks.

4 months ago
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