CBA’s Annual General Meeting (AGM) is taking place next Wednesday 11 October at 9.30am (AEDT) in Sydney. This is an important opportunity for shareholders, including you, to ask questions and hold the Board and CEO to account.
The FSU will be taking a delegation to attend the AGM in person on behalf of our union member shareholders.
If you are a shareholder and interested in joining us or would like to appoint the FSU as your proxy, then please let us know by replying to this email as soon as possible.
As you know, CBA posted a record $10.2 billion profit in the past financial year. This was only achieved through the hard work and dedication of you, CBA employees. Despite record profits, CBA has continued to cut jobs in Australia, offshore work to India and close retail branches.
At the AGM, we will urge the Bank to do what’s right for the community and workers by:
Committing to the Australian community
- While CBA’s regional branches have a moratorium from closure for the next 3 years branches continue to close in Metropolitan areas.
- The same commitment has not been given to Bankwest branches.
Investing in secure local jobs
- CBA’s Australian workforce has been reduced by 4% from 38,153 (as of 30 June 2022) to 36,697 (as of 30 June 2023). At the same time, CBA India has expanded by a massive 65%.
Having respect for your workforce
- CBA will soon learn the outcome of the massive financial penalty they must face due to their wage theft tactics through the deliberate and intentional illegal use of individual agreements.
How can I ask a question
You can ask questions online during the AGM on Wednesday 11 October, 9.30am (AEDT) or ask them in advance through the Shareholders Question Form (vote.linkmarketservices.com/cba). Questions in advance need to be submitted by 5pm (AEDT) today, Wednesday 4 October 2023*.
How can I watch the AGM
If you are unable to make it in person, you can register to watch the AGM online here.
This is our chance to bring these vital asks directly to the Board and CEO, and hold them to account.