Original article by Adele Ferguson
The Australian Financial Review – Page: 1 : 30-Nov-15

Westpac has refuted claims by Ownership Matters that its executive bonuses for 2013-14 and 2014-15 were inflated by a decision to exclude a software write-off from its cash earnings. Ownership Matters argues that Westpac’s ex-CEO Gail Kelly and other senior executives would not have received bonuses if the $A354m software write-down had been included in the bank’s cash earnings. The firm has advised Westpac shareholders to vote against the bank’s remuneration report at its 2015 annual meeting.

CORPORATES
WESTPAC BANKING CORPORATION – ASX WBC, OWNERSHIP MATTERS PTY LTD, DEUTSCHE BANK AG