Westpac receives historic second strike at AGM
Updated
Key Points
- Westpac's annual general meeting is underway in Sydney.
- Shareholders have voiced anger over the AUSTRAC scandal.
- Votes on remuneration and board director appointments are still to come.
- A second strike on remuneration would force a spill of the bank's board.
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Thank you and goodbye
Activist group Market Forces has taken to the mic to discuss climate change and environmental sustainability, but as a good portion of today's proceedings demonstrate, that topic is certainly not going to be solved at this AGM.
For now, the bank's current leadership survives in the form it desired, albeit with a significant protest against it and some bruises from an at times brutal exchange.
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