ASX:ANZBanks
How ANZ’s Executive Pay Cuts And CEO Lawsuit At ANZ Group Holdings (ASX:ANZ) Has Changed Its Investment Story
In December 2025, ANZ Group Holdings disclosed that former CEO Shayne Elliott had commenced legal action in the NSW Supreme Court over reduced long-term variable remuneration for 2025 and 2026, following the Board’s decision that Australian-based Group Executives (excluding those in acting roles) would receive no short-term variable pay for the 2025 financial year.
This dispute puts a spotlight on how ANZ’s Board is applying APRA’s CPS 511 rules to align executive pay with risk and...