ANZ chairman Paul O’Sullivan flagged the bank may claw back more pay from executives, after the group received a second strike against its remuneration report at its annual general meeting where angry investors made it clear they want more serious consequences for the bank’s string of compliance failures.
Investors cast 32.36 per cent of votes against the report at the bank’s annual meeting, delivering a further blow to O’Sullivan, who is under pressure after the group was slapped with a record fine of $240 million earlier this year. Still, O’Sullivan was re-elected for his final three-year term on the board, where he has served as a director since 2019.
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