6 questions lodged at 2024 Resimac virtual AGM

Q1. There is no sign of any archive of the webcast of last year's AGM on the Resimac website. The annual report says that we have 2,653 shareholders but less than 50 will be online today watching this AGM live. As the one event of the year focused on retail shareholders what are we doing to ensure as many shareholders as possible have access to the full AGM debate? Will the chair undertake to publish a full archive of the AGM webcast on our website and why not make the record of the meeting permanently public by publishing a full transcript of the meeting to the ASX announcements platform, an initiative that Kathmandu did after its 2019 AGM?

Q2. Susan Hansen has been acting CEO since Scott McWilliam's sudden resignation in July. Is Susan a candidate for the permanent CEO role and could controlling shareholder Duncan Saville please comment on who he believes our permanent CEO should be? Which head hunting firm is assisting with the recruitment process?

Q3. Duncan Saville said at last year's AGM that his controlling 62.5% stake is owned by a fund which has third party investors and a board. Could he please clarify what proportion of the fund he personally owns and what proportion of the fund board does he get to appoint? Is he the chair of the fund board and what powers do the external investors in the fund have if they wanted to liquidate the fund's stake in Resimac? Does Duncan agree that the perceived overhang of his controlling stake in the company has contributed to the under-performance of our shares?

Q4. Our shares have fallen from almost $2.50 in 2021 to just 88c at last night's close yet CBA shares have just soared to $153 giving it a market capitalisation of $260 billion. Why have we been so ineffective at competing against Australia's biggest lender when it is lumbered by an expensive retail network? The chair talked about the challenges of fighting the Australian "banking oligopoly" at last year's AGM. Has the Big Four oligopoly got even more powerful over the past 12 months and what should regulators do to support greater competition in the Australian banking market?

Q5. Could new chair Wayne Spanner comment on the process that led to his appointment as chair. Why was this only announced to the ASX 4 minutes before the AGM started at 9.30am. Could Wayne please summarise his full history with our controlling shareholder Duncan Saville?

Q6. Thank you to Warren McLeland for his many years of service as Resimac chair. Why is he moving to deputy chair rather than retiring which is the normal process when a chair steps aside? Is he planning to run again for the board when his current term expires? We've now lost a chair and CEO in quick succession. Could Warren please provide his perspective on how the CEO selection process has been run under his leadership? Why has it taken so long?

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