Westpac manages to trim AGM to three hours

Fri, 11 Dec 2020

Westpac Banking Corp's annual shareholders' meeting this year was only somewhat less gruelling for the chair and directors than 2019's six-hour marathon, despite it being conducted virtually and only lasting half the time.Chair John McFarlane may have replaced Lindsay Maxsted, but many of the questions were the same, particularly relating to the A$1.3 billion penalty the bank had to pay for breaching money-laundering laws.That penalty followed the A$1 billion capital penalty the Australian Prudential Regulation Authority handed West...

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