ANZ Shareholders Should Reject Pay Report, Glass Lewis Says

ANZ Group Holdings Ltd. investors should vote against the firm’s pay report at its annual shareholder meeting this month, proxy adviser Glass Lewis recommended, raising pressure on the board to take more action for past failings.

Glass Lewis cited insufficient remuneration consequences, according to the report. Chair Paul O’Sullivan, who’s been in the role since 2020, will oversee ANZ’s annual general meeting being held in Sydney on Dec. 18.