IOOF Holdings Ltd Annual Shareholders Meeting Transcript

Nov 24, 2021 / 10:30PM GMT
Allan Griffiths - IOOF Holdings Ltd - Independent Non-Executive Chairman

Good morning, ladies and gentlemen. Welcome to the 2021 Annual General Meeting of our shareholders.

With participants from all over the country here today, I'd like to start by acknowledging the traditional custodians of the lands on which we meet. Where I stand, I acknowledge the Wurundjeri people of the Kulin Nation and pay my respects to elders past, present and emerging.

Last year, I described the 2020 financial year as one of volatility, change and disruption. Even so, we could not have foreseen the effects of COVID-19 pandemic would continue to impact our lives profoundly in 2021. The persistent effects of the pandemic underscore that 2021 would require a new type of resilience, a resilience that would draw on the dogged stubbornness of overcoming adversity, a resilience we have come to know as the Australian way.

Thankfully, the prospects for the world economy have brightened. In May this year, the Reserve Bank of Australia noted the Australian economy is transitioning from recovery to expansion

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