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-AustralianSuper to abstain from director elections until Hayne submits final report

Nov 06, 2018 - Global Banking News

Global Banking News - 06 November 2018

AustralianSuper, Australia's largest superannuation and pension fund, has said that it will abstain from voting during re-election of board members at the big four banks' annual meetings until Commissioner Kenneth Hayne delivers his final report early next year.

The fund said that it has taken the decision because it would be immature to cast a vote before the final report is out. The last round of royal commission hearings is to explore miscond...