The 2022 Annual General Meeting (AGM) of Australian Mutual Bank Ltd (AMBL) will be held at 3:00pm on Wednesday 23 November 2022. The Notice of Meeting can be accessed by clicking on the following link: 2022 AGM Notice of Meeting
The 2022 AGM will once again be held as a fully virtual meeting with electronic direct voting being made available for both the election of directors and for material resolutions conducted at the meeting. This decision has been made by the board of directors based on the positive feedback received when the initial fully virtual meeting with full electronic voting was conducted in 2021. This virtual meeting resulted in higher levels of voting participation.
This means that there will not be a physical meeting venue for you to attend.
As member participation in the AGM is important to us we have once again engaged Vero Voting to facilitate the AMBL virtual electronic meeting and provide a capacity for online direct voting both prior to and during the AGM. Vero Voting has also been engaged as the Returning Officer for the AGM. The AGM will be webcast live and members will have the opportunity to submit questions and also vote in real time.
Members are encouraged to submit votes ahead of the meeting using the online Vero Voting system. Voting for the Election of Directors closes at noon on 16 November 2022. Voting for other resolutions will conclude when the voting closes at the meeting.
HOW TO VOTE
Members can vote prior to the meeting and attend the AGM via the online portal at:
The Vero Voting AGM Online Guide provides instructions on electronic voting and attendance at the online AGM. The guide can be accessed by clicking the following link: Vero Voting AGM Online Guide. To access the online system you will require your Member Number and your unique PIN code (which will be provided to each member via email or post).
WHAT ARE THE ITEMS THAT AMBL IS ASKING MEMBERS TO VOTE ON?
Details concerning the resolutions being put to members are set out in the AGM Notice of Meeting and the accompanying explanatory notes.
Item 4 on the agenda is the Election of Directors. In accordance with the Constitution voting for the election can be performed electronically by following the instructions to use the Vero Voting system. All members are encouraged to vote online. Information about each candidate in the election can be accessed by clicking the following link: 2022 Election of Directors - Candidate Statements.
Members without internet access via their phone, mobile device or computer may vote in the Election of Directors using the postal ballot form provided with the AGM pack (or available on request by phoning our contact centre staff on 13 61 91).
Item 5 on the agenda concerns total remuneration, including superannuation, to be paid to directors. The total amount proposed is $480,000. The annual total amount paid from 2019 until 2022 has been $380,000 and remained unchanged over that period. The proposed total remuneration amount more closely aligns to similarly sized mutual banks based on current mutual banking sector research obtained from McGuirk Management Consultants.
Members without internet access via their phone, mobile device or computer may vote on this resolution using the Proxy form provided with the AGM pack (or available on request by phoning our contact centre staff on 13 61 91). Instructions on proxy voting are included on the form.
For a detailed overview of AMBL’s performance and operations for the year ended 30 June 2022, please refer to the 2022 Annual Financial Report, which can be accessed by clicking the following link: 2022 Annual Financial Report.
All members are encouraged to participate in the AGM process and exercise their right to vote. If you have any questions you would like to ask please email agm@australianmutual.bank or phone the contact centre on 13 61 91.
Thank you for your ongoing support of Australian Mutual Bank.
Yours sincerely
Mark Worthington
Chief Executive Officer
IMPORTANT DOCUMENTS
- 2022 AGM Notice of Meeting, information for members and explanatory notes
- Vero Voting Online Guide (all members are encouraged to vote online)
- Election of Directors - Candidate Statements (provides information on each candidate)
- 2022 Annual Financial Report
- Proxy Form
