Outgoing ANZ chief executive Shayne Elliott and his key lieutenants have yet to show “genuine accountability” for the bank’s bond trading scandal, according to influential proxy advisers who have urged shareholders to reject ANZ’s executive pay scheme.

Their recommendations threaten to trigger a strike against the remuneration report at ANZ’s annual meeting next Thursday – its first strike in six years if realised. Ownership Matters, Glass Lewis and the Australian Council of Superannuation Investors all voiced concerns over CEO pay.