Reported 3 days ago
The CEO of Australia's ANZ bank, Shayne Elliott, has forfeited a long-term performance bonus worth AUD 3.2 million in response to shareholder unrest over bond-trading irregularities under investigation by regulators. With shareholders narrowly supporting his bonus prior to the annual meeting, Elliott chose to withdraw the resolution to avoid further conflict, acknowledging the views of shareholders. The bank faced criticism for insufficient punitive consequences to executives amidst ongoing investigations.
Source: YAHOO