Macquarie Group , employer of Australia's best-paid CEO, said on Thursday it will review its executive compensation following a regulatory compliance lawsuit as shareholders voted against its salary plans for the first time at its annual meeting.

More than a quarter of Macquarie Group Ltd. shareholders rejected the bank’s executive remuneration plan at an annual meeting Thursday, piling pressure on its board by increasing the risk of a confidence vote next year.

Macquarie Group’s long-serving chief financial officer will leave the company, as the investment bank faces a shareholder backlash for not cutting executives’ eye-watering pay packets despite a series of compliance blunders.

Investors deliver an embarrassing rebuke to the Millionaires Factory over bonuses amid regulatory woes and the surprise exit of its CFO.

The investment banking giant’s chairman Glenn Stevens has conceded that a lot of investors feel the board had not done enough to adjust pay.

Macquarie Group , the employer of Australia's best-paid CEO, said on Thursday it will review its executive compensation following a regulatory compliance lawsuit, as some shareholders prepare to vote against its salary plans at its annual meeting.