Pressure is growing on ANZ Group Holdings Ltd. to further slash the outgoing chief's pay packet after a series of missteps within its markets unit.
Two influential proxy advisory firms and a body representing Australian pension funds -- among the biggest ANZ shareholders -- advised investors to vote against the lender's executive compensation plan at its annual general meeting on Thursday in Melbourne. They're calling on Chief Executive Officer Shayne Elliott, who took a pay hit and will leave the firm in July, to get a bigger reduction in compensation.