This year you have the opportunity to have your say as a customer and an owner of Bank Australia about the composition of the Board.
The Bank Australia Board has a responsibility to ensure the bank complies with all the same standards and regulations as all other Australian banks as well as to set the direction for the bank.
The Board is comprised of elected directors and appointed directors. Elected directors are in the majority.
Customers vote directly for elected directors who are then able to appoint directors who bring needed specialist skills and experience to the Board.
Our proposed changes to the constitution will allow the Board to appoint up to three non-executive directors, while keeping the majority of non-executive directors elected.
This will ensure that the Board represents both customers and has the skills necessary to govern the bank in a responsible way in an increasingly complex regulatory environment.
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: