Just putting it out there.....as a shareholder I want to vote against the remuneration report myself....but out of country and non resident atm....
Macmahon shareholders appear to have delivered a ‘‘first strike’’ against the company’s remuneration report.
Proxy votes lodged at MacMahon’s annual general meeting on Friday showed 28 per cent of shareholders voted against the report. The company said 149 million shareholders had voted in favour of the report, while 116 million shareholders were against it, and three million abstained.
A quarter of shareholders are needed to vote against a company’s remuneration report to register a ‘‘first strike’’. If at least 25 per cent of shareholders vote against the company’s remuneration report again in 2013, it could pave the way for a board spill.
Read more: http://www.smh.com.au/business/agm-season/macmahon-receives-strike-despite-pay-cuts-20121109-292fo.html#ixzz2Bh4f6HhH
Add to My Watchlist
What is My Watchlist?
