5 questions submitted at 2024 IAG hybrid AGM

Q1. The mutually owned RACQ has reportedly hired Bank of America to try and sell its Queensland operations. What is our market share in Queensland and would we be more likely to receive ACCC approval to buy this business than Suncorp? Also, have we had any recent talks with RACV to buy the 30% stake in IMA?

Q2. Retail shareholder voting turnout at AGMs has fallen to less than 3% as we feel powerless in the face of institutional voting and the move away from paper disenfranchises older shareholders. Therefore, when disclosing the outcome of voting on all resolutions today, including this remuneration report item, could you please advise the ASX how many shareholders voted for and against each item, similar to what happens with a scheme of arrangement? This will provide a better gauge of retail shareholder sentiment on all resolutions and an insight into Australia's chronically low retail shareholder participation rate. I asked you to do this last year and you refused. Tabcorp did it yesterday and even Qantas and the ASX itself got with the program last year.

Q3. Did any of the 5 main proxy advisers - ACSI, Ownership Matters, Glass Lewis, ISS and ASA - recommend a vote against any of today's resolutions, including on David Armstrong's election? If so, what reasons did they give and will you disclose the proxy votes before the debate on each resolution so shareholders can ask questions about the reasons if there have been any protest votes? Please don't say they are confidential. It is standard for companies to be across this detail on the voting recommendations and inform shareholders where relevant without publishing the full proxy adviser reports, of course.

Q4. ASIC took QBE to court yesterday over policy bonus issues. JB Hi Fi also faced ACCC regulatory action over allegedly misleading promotions. Have we done a review of our customer incentive, loyalty and marketing schemes to ensure we're fully compliant with the law and are directors like Michelle being fully informed on this issue?

Q5. If Nick Hawkins resigned or retired as IAG CEO and then less than 12 months later joined the board of Suncorp as an independent director, would that trigger an automatic cancellation of all LTI schemes on foot, or would they continue to roll on. In other words, is there an element of retention in these LTIs to provide a disincentive against this scenario from happening. As the chair know at Stockland, we've just seen this situation happen when he recruited the retired CEO of GPT to join the Stockland board 6 months after retiring.

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