Commonwealth Bank shareholders will next month decide if boss Ian Narev can be paid up to $4.7 million in shares as a long-term bonus.
The bank needs shareholder approval to grant shares to its chief executive as performance-based incentives.
A vote is typically held at every annual general meeting to approve each year's plan.
Under the latest bonus scheme, Mr Narev stands to be awarded rights to up to 58,131 shares, worth a maximum of $4.7 million, if he meets shareholder return and customer satisfaction targets in the coming three years.
Last year, shareholders approved an incentive plan for Mr Narev that included rights to shares worth up to $4.3 million.
He already earns an annual salary of $2.6 million, and in 2013/14 also took home a cash bonus of $1.5 million, plus $4.05 million in cash and shares from bonuses earned in previous years.
That was despite his bonuses being cut by more than $500,000 due to CBA's financial planning scandal, for which the bank has already paid around $52 million in compensation to customers.
CBA's shareholder meeting in Melbourne on November 12 will also include a vote on investor activist Stephen Mayne's bid to join its board.
Mr Mayne has indicated he will seek to join the boards of several major companies in the coming months, in an effort to improve shareholder rights.
His bid for the CBA board is also a response to the bank's financial advice problems, but the current board have advised shareholders to vote against his election.
They have also recommended a no vote on a request for CBA to regularly state the amount of greenhouse gas emissions produced by companies it finances.
The request was put forward by a small group of shareholders.
Meanwhile, the bank has told its shareholders it remains "reasonably positive" about the economic outlook for the coming months.
"Although we have not observed a marked improvement in consumer or business confidence, Australia's housing and construction sectors are active, and the Australian economy remains generally strong," CBA said.
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