ANZ shareholders deliver second strike on remuneration report

At its 2025 Annual General Meeting, ANZ Group Holdings Limited shareholders approved the re-election of all board-endorsed candidates, including A.R. Gerry, P.D. O'Sullivan, and J.P. Smith as directors. The grant of restricted and performance rights to N. Matos was also carried as an ordinary resolution with 98.19% of votes in favour.

However, the adoption of the remuneration report received substantial opposition, with 32.36% of votes cast against it. This constitutes a "second strike" under the Corporations Act 2001 (Cth). Despite this, the subsequent "spill resolution" (Item 6) was not carried, receiving only 1.45% of votes in favour.

Significantly, Item 5, a member-requisitioned resolution to amend the company's constitution, was not carried as a special resolution. Consequently, contingent resolutions (Items 7, 8, and 9) relating to financed deforestation and climate commitments were not put to the meeting, as they were conditional on the passage of Item 5.