SYDNEY, Dec 12 (Reuters) - Shareholders of Australia's Westpac Banking Corp (WBC) voted on Thursday against the company's executive pay plans for a second year running, as the bank reels from a money laundering scandal.
Owners of 35% of the company's shares voted against the company's executive pay plans at its annual general meeting in Sydney, well over the quarter vote needed to defeat a company's remuneration plans under Australian law, while 65% voted for it.
A "second strike" allows for a second vote on whether to remove a company's entire board. However, just 9% voted on the "board spill" motion.
News: WBC Australia's Westpac shareholders vote against exec pay for 2nd straight year
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$33.66 |
Change
-0.330(0.97%) |
Mkt cap ! $115.1B | |||
| Open | High | Low | Value | Volume |
| $33.68 | $33.91 | $33.53 | $98.77M | 2.930M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $33.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.70 | 3740 | 3 |
View Market Depth
| Last trade - 16.10pm 08/08/2025 (20 minute delay) ? |
| WBC (ASX) Chart |