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ANZ CEO Forfeits Bonus Amid Shareholder Concerns

ANZ CEO Forfeits Bonus Amid Shareholder Concerns

ANZ Group Holdings (AU:ANZ) has released an update.

ANZ Group Holdings has announced that CEO Shayne Elliott will forfeit his long-term variable remuneration for the year, despite majority shareholder support, after a significant portion of votes opposed the resolution. The decision was made to respect shareholder opinions and minimize any potential impact on the bank’s operations. This move highlights ANZ’s commitment to shareholder feedback and corporate governance.

For further insights into AU:ANZ stock, check out TipRanks’ Stock Analysis page.

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