CWN crown resorts limited

SYDNEY, Oct 22 (Reuters) - Shareholders of Australian casino...

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    SYDNEY, Oct 22 (Reuters) - Shareholders of Australian casino operator Crown Resorts Ltd (CWN) voted against the company's executive pay report on Thursday, according to proxies displayed at the annual general meeting.

    Owners of 34.33% of the company's shares voted against a resolution to adopt the company's remuneration report, according to a slide of proxy votes displayed at the virtual meeting, more than the 25% required to count as a vote against.

    Under Australia's "two strike" rule, if shareholders vote against a company's remuneration report for two years in a row, they are allowed to call for a new resolution to remove the entire board.

 
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