By: The Guardian
December 12, 2019
Furious shareholders in scandal-ridden Westpac have blasted the bank’s board and management as “incompetent” – or worse – over its handling of the money laundering and child exploitation scandal arising from breaches of Austrac obligations at its annual meeting in Sydney on Thursday.
The mood was grim among the approximately 600 shareholders in attendance at the International Convention Centre. They heckled the board with cries of “just go” and saved their applause for calls from the floor for more of the bank’s directors and executives to leave the bank over the scandal.