AAP
Westfield Group Ltd is confident its shareholders will approve its remuneration report at its annual general meeting this week, despite a push from the Australian Shareholders' Association (ASA), The Australian Financial Review reports.
According to the newspaper, the ASA is pushing for a reduction in the amount paid to the group's executive team including joint chief executives Steven and Peter Lowy.
While the ASA said it had some minor shareholders' support, the vote will ultimately be decided Westfield's two largest shareholders after the Lowy family - funds manager BlackRock and Vanguard Investments Australia.
A Westfield spokesperson said the group was confident it had "the backing of the overwhelming majority of retail and institutional shareholders," the AFR reported.