NAB receives shareholder resolutions ahead of 2025 AGM

National Australia Bank (NAB) announced on Wednesday, October 8, 2025, that it has received three shareholder resolutions for consideration at its Annual General Meeting (AGM) scheduled for December 12, 2025. These resolutions, requisitioned under section 249N of the Corporations Act 2001 (Cth), will be detailed in NAB’s 2025 Notice of AGM, expected in mid-November.

The first resolution proposes an amendment to the company's constitution, specifically clause 8 ‘General Meetings’, to allow shareholders to express opinions, seek information, or make requests via ordinary resolution regarding the exercise of powers vested in directors. Such resolutions must relate to material company issues, cannot violate laws or personal claims, and are advisory only, not binding on directors.

The remaining two resolutions address financed deforestation. Shareholders are requesting NAB to assess and publicly disclose its deforestation exposure from financing its agriculture sector customers, noting Australia's status as a global deforestation front. Additionally, shareholders seek disclosure of a strategy to eliminate financed deforestation, aligned with credible frameworks like the Accountability Framework Initiative.