What ever management are doing,they are doing it with the imprimatur ,of the larger SHrs.
Lets not forget the two strikes policy.
The reform is intended to provide an additional level of accountability for directors and increased transparency for shareholders. Where a company receives significant ‘no’ votes on its remuneration report over two consecutive years, and has not adequately addressed concerns raised by shareholders, it is appropriate for the board to be held accountable through a re-election process.
