Westpac withdraws AGM resolutions
The Westpac board has withdrawn two resolutions from its 2019 notice of annual general meeting following the resignation of the bank’s chief executive and managing director, Brian Hartzer.
The two resolutions were the re-election of Ewen Crouch as a director and the grant of equity to the managing director and chief executive, Westpac said in an announcement to the Australian Securities Exchange (ASX).
“These items are no longer required following the board’s announcement…. including Brian Hartzer will be stepping down as CEO effective Monday 2 December, 2019, and that Ewen Crouch has decided he will not be seeking re-election at the upcoming Westpac AGM. Therefore these items will not be put to a vote at the AGM,” it said.
Nerida Caesar and Peter Marriott are up for re-election, as well as the election of Steven Harker and Margaret Seale as directors.
Other items of business for the AGM include financial reports, remuneration report, conditional spill resolutions, and resolutions requisitioned by shareholders.
Recommended for you
TAL has introduced four new courses to its Risk Academy focused on ethical dilemmas as part of Ethics Month to help advisers meet their CPD requirements.
Unadvised Australians believe they need $2 million to retire comfortably, according to Colonial First State, a wide variance compared to advised individuals which estimate $1.3 million.
Financial advisers can now access Vanguard’s diversified managed account strategies on HUB24 and Netwealth, marking a “significant expansion” through new distribution channels.
The heads of two financial advice licensees have joined the board of the Financial Services Council as it looks to deepen its engagement with the space and strengthen its representation.