Westpac shareholders reject constitution amendment at 2025 AGM

Westpac Banking Corporation held its 2025 annual general meeting on December 11, 2025, with all resolutions decided by poll. Shareholders approved the re-election of Peter Nash as a director with 60.18% of votes in favour, and the election of David Cohen, Pip Greenwood, and Debra Hazelton, with overwhelming support ranging from 99.75% to 99.85%. The remuneration report also passed with 97.59% of votes.

A key outcome was the rejection of Resolution 5(a), "Amendment to the Constitution," which garnered only 6.25% of votes in favour and 93.75% against, indicating strong shareholder opposition. Consequently, Resolution 5(b), "Customer Transition Plan Approach and Climate Commitments," which was contingent on the passage of 5(a), was not put to the meeting.

The grant of equity to the managing director and chief executive officer (Resolution 4) was approved with 97.45% of votes in favour. Westpac Banking Corporation can be contacted for further information through Hayden Cooper, group head of media relations, or Justin McCarthy, general manager, investor relations.