Westpac to explain royal commission backflip to investors

By Clancy Yeates
Updated December 7 2017 - 8:08pm, first published 8:01pm
MELBOURNE, AUSTRALIA - OCTOBER 12:  Transurban  Chairman Lindsay Maxsted is  seen speaking during the Transurban annual general meeting on October 12, 2015 in Melbourne, Australia.  (Photo by Pat Scala/Fairfax Media) *** Local Caption *** Lindsay Maxsted
MELBOURNE, AUSTRALIA - OCTOBER 12: Transurban Chairman Lindsay Maxsted is seen speaking during the Transurban annual general meeting on October 12, 2015 in Melbourne, Australia. (Photo by Pat Scala/Fairfax Media) *** Local Caption *** Lindsay Maxsted

Westpac chairman Lindsay Maxsted is expected to explain to shareholders why the bank suddenly changed its tune on a royal commission at its annual meeting on Friday.

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