Its not good that this was rejected by proxy shareholders, but it doesnt really matter as the vote on this particular resolution is not binding. The AGM notes say shareholder vote on remuneration is not binding "but the Board will take the outcome of the vote into consideration when reviewing remuneration of the company".
So its not like Laura's pay/bonus was just blocked and there is some risk she will walk away.. this is just noise really. The Board will go ahead as they had planned with Laura's remuneration package, but will provide more information on performance hurdles etc as the basis for payment of bonuses (they really should have done that earlier).
BAL Price at posting:
$12.21 Sentiment: Buy Disclosure: Held
