Key Insights
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BNK Banking to hold its Annual General Meeting on 29th of November
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CEO Allan Savins’ total compensation includes salary of AU$529.7k
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The total compensation is similar to the average for the industry
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BNK Banking’s three-year loss to shareholders was 17% while its EPS was down 78% over the past three years
The underwhelming share price performance of BNK Banking Corporation Limited (ASX:BBC) in the past three years would have disappointed many shareholders. In addition, the company’s per-share earnings growth is not looking good, despite growing revenues. Shareholders will have a chance to take their concerns to the board at the next AGM on 29th of November and vote on resolutions including executive compensation, which studies show may have an impact on company performance. We think shareholders may be cautious of approving a pay rise for the CEO at the moment, based on our analysis below.
