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Let’s urge NAB to do what’s right!

NAB’s Annual General Meeting (AGM) is taking place on Friday 15 December 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, NAB posted a $7.7 billion profit in the past financial year. This was only achieved through the hard work and dedication of you, NAB employees. Despite record profits, NAB 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

  • NAB has closed almost 50 branches across Australia in the last 12 months despite banking being an essential service. NAB needs to commit to keeping the branch network open.

Investing in secure local jobs

  • NAB has announced a $400 million productivity saving in FY 2024 which will lead to changes in how we will all do our jobs. NAB needs to commit to investing in our skills for the future.

Having respect for your workforce

  • NAB colleagues are currently working harder and longer than ever. NAB needs to commit to ensuring we can do our job within ordinary hours.

How can I vote?

Before the AGM

You can lodge your vote or appoint a proxy online at www.investorvote.com.auby no later than 9.30am (AEDT) Wednesday, 13 December 2023. You will need your SRN/HIN*, AGM control number and the postcode or country of residence for your shareholding to log in.

During the AGM

You may vote during the AGM by attending in person or online through the online platform by following the instructions and on-screen prompts.

The FSU will be sending members a recommendation on how to vote on executive remuneration before the AGM.

How can I ask a question?

You can ask questions online during the AGM on Friday 15 December 2023 at 9.30am (AEDT) or ask them in advance through the shareholders question form online at www.investorvote.com.au or via email to [email protected]

Questions in advance need to be submitted by Thursday 7 December 2023.

How can I watch the AGM?

If you are unable to make it in person, you can register to watch the AGM online at www.nab.com.au/agm and clicking ‘Attend the AGM’. Please ensure you have your SRN/HIN* and the postcode for your shareholding available when you log in.

This is our chance to bring these vital asks directly to the Board and CEO and hold them to account.

Your FSU Team

*You will need your HIN/SRN (The HIN or SRN can be found on the top right hand corner of your holding statement and other shareholder communications. A HIN or SRN can have up to 12 characters, usually starting with an ‘X’, ‘I’ or ‘C’ followed by up to 11 digit number, for example ‘X00012345678’ or ‘X12345678’).

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