Australian lender ANZ Group's influential proxy advisor Institutional Shareholder Services on Thursday recommended investors vote against the bank's executive pay report - making it the second advisor group to do so this week.
CGI Glass Lewis on Monday said shareholders should also vote against the report at ANZ's annual meeting on December 18. ANZ did not immediately respond to a request for comment from Reuters.
ANZ this year stripped former Chief Executive Shayne Elliott of A$13.5 million ($8.9 million) worth of bonuses that were due to be paid as part of his compensation package. Other former executives also endured pay and bonus eliminations in sweeping cuts worth about $A32 million, according to ANZ's annual report.
An ISS report, published on Thursday, said while some remuneratio

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