NAB shareholders re-elect directors, reject constitution change at AGM

National Australia Bank (NAB) announced the results of its 2025 annual general meeting held on Friday, December 12, 2025. All ordinary resolutions presented by the board were passed.

Philip Chronican and Kathryn Fagg AC were re-elected as directors with overwhelming support, receiving 98.38% and 97.39% of votes in favor, respectively. The remuneration report also passed as an advisory resolution with 98.13% of votes in favor.

Resolutions regarding the grant of deferred and performance rights to the group chief executive officer were passed as ordinary resolutions, securing 99.14% and 99.05% of votes in favor. This indicates strong shareholder confidence in the executive remuneration structure.

However, a special resolution requisitioned by shareholders to amend the company's constitution (Item 5a) was not passed, with only 6.03% of votes in favor. Consequently, the contingent resolutions (Items 5b and 5c) related to disclosure and strategy concerning financed deforestation were not put to the meeting. Furthermore, contingent resolution 5d, addressing a customer transition plan and climate commitments, was withdrawn by the requisitioning group of shareholders prior to the meeting.