Retail investors turn on director Marriott

Original article by Aleks Vickovich
The Australian Financial Review – Page: 17 : 5-Dec-19

Westpac’s money-laundering scandal is set to dominate its AGM on 12 December. The Australian Shareholders’ Association has signalled its intention to vote against the remuneration report and the re-election of Westpac director Peter Marriott. However, it will support the re-election of Nerida Caesar, Steve Harker and Margaret Seale. The Australian Council of Superannuation Investors has indicated that it will vote in favour of Marriott’s re-election. Some 64.2 per cent of votes cast at Westpac’s 2018 AGM rejected its remuneration report.

CORPORATES
WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIAN SHAREHOLDERS’ ASSOCIATION, AUSTRALIAN COUNCIL OF SUPERANNUATION INVESTORS INCORPORATED, LEGG MASON ASSET MANAGEMENT AUSTRALIA LIMITED, MARTIN CURRIE INVESTMENT MANAGEMENT LIMITED

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