WBC 1.12% $28.67 westpac banking corporation

World's No # 1 Sovereign Wealth Fund Voted For Westpac Board Spill...

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    World's No # 1 Sovereign Wealth Fund Voted For Westpac Board Spill...

    2019 AGM: US$1 Trillion Norwegian Sovereign Wealth Fund-World's Largest-With US$699m Invested In WBC Voted:
    1. Against Remuneration Report
    2. Against Reappointment of Directors Nerida Caesar & Peter Marriott
    3. For The Board Spill Motion

    For the record, NSWF got voted down by Aussie Employee-Based Super Funds.

    Major Article: https://www.theaustralian.com.au/

    https://hotcopper.com.au/data/attachments/1922/1922558-eb63217f4f79f92c73ef64438db98de2.jpg

    What's does NSWF Actions/Voting Reveal--at least to me:
    * There are some very smart cookies-even if they're Norwegian-who agree with me,
    * That WBC's performance on all fronts is pathetic, warrants a massive clean-out of current Directors,
    * WBC 2019 AGM Voting is only post-phoning the inevitable: Shareholder Voting Troubles For WBC Board are just beginning,
    * NSWF is highly likely to sell-off its WBC equity...sooner rather than later!

    DYOR...
 
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