Below is a small extract of what should be in 'AFR' 'Rear Window' tomorrow, Tuesday 21 May 2024:Elders chair overrules shareholders
Myriam RobinRear Window editorMay 20, 2024 – 6.02pIn the sleepy annals of Australian shareholder democracy, widespread and broadly representative shareholder revolts are exceedingly rare.There’s a reason the Corporations Act requires only 25 per cent of votes to be cast against a remuneration report to constitute a “strike”. Anything higher would seldom be reached, leaving boards with little to fear.
Ann: MD and CEO Remuneration Arrangements, page-9
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