Westpac shareholders approve directors, remuneration; reject constitution amendment

Westpac Banking Corporation announced the results of its 2025 annual general meeting (AGM) held on December 11, 2025. Shareholders approved the re-election of Peter Nash and the election of David Cohen, Pip Greenwood, and Debra Hazelton as directors. The remuneration report and the grant of equity to the managing director and chief executive officer were also passed.

However, a proposed amendment to the constitution was not carried, receiving 93.75% against votes. A contingent resolution regarding the customer transition plan approach and climate commitments was not put to the meeting due to the failure of the constitution amendment. All resolutions were decided by poll.

Separately, Westpac disclosed that its controlled entities hold 0.27% of the total voting shares on issue. This includes various managed funds and portfolios, such as BT Funds Management Limited and Westpac Financial Services Limited, holding ordinary 6,974,162 and ordinary 1,718,293 shares, respectively.

The company's issued share capital as of December 10, 2025, stands at 3,420,353,305 ordinary shares.