Login or request a free trial

IMB directors take a pay freeze

Directors of IMB have withdrawn a resolution for today's annual meeting seeking an increase of five per cent in directors' fees to an aggregate of $579,000.An adverse flow of proxies from small shareholders may explain the directors' decision, described as "an exercise in restraint" in an announcement posted at the company website.

I'm a returning subscriber

Password reset
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day