Published: December 11, 2018
Shareholders vote for first strike, saying cuts to bonuses over banking royal commission were not enough
Westpac shareholders have handed the bank a first strike on executive pay in protest over bonus cuts they say did not go far enough.
The bank’s chairman, Lindsay Maxsted, told shareholders on Wednesday that more than half the votes cast ahead of the bank’s annual general meeting in Perth had gone against the remuneration report.
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