This year you have the opportunity to elect two Directors of the Board through the AGM voting process.
The Board sets the direction for the bank and ensures it is governed in accordance with industry regulations and in alignment with the expectations of customer owners.
Four candidates are standing for the two vacant positions. One position, held by Melissa Bastian is up for re-election and, with Peter Taylor retiring at the 2015 AGM, there is another vacancy on the Board.
You will find the candidate statements in the Notice of Meeting on our website.
In addition to the director elections, you will also vote on the proposed remuneration for Directors for the coming year.
The proposed total remuneration is $562,671 (an increase of 1.3 per cent) which is shared between the seven non-executive Directors. This is an increase of $7,221 on the remuneration for 2015 and is below the market median.
The Governance Committee has sought independent advice and recommends remuneration commensurate with Director responsibilities and duties under legislation and regulation.
Maintaining competitive remuneration ensures we are able to attract talented Directors to govern the bank.
Voting online only takes five minutes. Head to bankaust.com.au/2015AGM to read the Chairman’s letter and Notice of Meeting before voting.
Results of the resolutions will be announced at the Annual General Meeting in Melbourne on Wednesday 25 November.
Read about the other resolutions you will vote on for the 2015 AGM: