https://aicd.companydirectors.com.au/resources/all-sectors/direct...

https://aicd.companydirectors.com.au/resources/all-sectors/director-remuneration

“The Corporations Act 2001 was amended from 1 July 2011 to provide for the 'two strikes' rule in relation to the remuneration report. At the annual general meeting, the shareholders must vote approval or otherwise of the remuneration report. The first strike is when a company’s remuneration report receives a ‘no’ vote of 25 % or more. Where this occurs, the company’s subsequent remuneration report must explain whether shareholders’ concerns have been taken into account, and either how they have been taken into account or why they have not been taken into account. ”