Westpac withdraws AGM resolutions

Brian-Hartzer/

28 November 2019
| By Jassmyn |
image
image
expand image

The Westpac board has withdrawn two resolutions from its 2019 notice of annual general meeting following the resignation of the bank’s chief executive and managing director, Brian Hartzer.

The two resolutions were the re-election of Ewen Crouch as a director and the grant of equity to the managing director and chief executive, Westpac said in an announcement to the Australian Securities Exchange (ASX).

“These items are no longer required following the board’s announcement…. including Brian Hartzer will be stepping down as CEO effective Monday 2 December, 2019, and that Ewen Crouch has decided he will not be seeking re-election at the upcoming Westpac AGM. Therefore these items will not be put to a vote at the AGM,” it said.

Nerida Caesar and Peter Marriott are up for re-election, as well as the election of Steven Harker and Margaret Seale as directors.

Other items of business for the AGM include financial reports, remuneration report, conditional spill resolutions, and resolutions requisitioned by shareholders.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks 1 day ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

3 weeks ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 6 days ago

TOP PERFORMING FUNDS