Gaines,who stepped down as chief executive but stayed on the company’s board,was given $1.98 million and Wells,who left in January,got $1 million.
Board director Penny Bingham-Hall told shareholders the company would get a first strike for its 2023 financial year remuneration report. “In the lead-up to today’s meeting,we’ve met with a number of our investors and received strong feedback on various aspects of the remuneration report,” Bingham-Hall said.
Australia’s two-strikes law holds directors accountable for executive salaries and bonuses,with a second consecutive strike allowing a vote to spill the board.
Loading
”We acknowledge this feedback,particularly in relation to the special one-off payments made in the last financial year,and we will work together with the shareholders,proxy advisers and also with our people to address those concerns in the year ahead,” she said.
Addressing shareholders at the meeting,Forrest hit out at Australian oil and gas industry leaders and the West Australian government’s response to climate change,which he said was “dismally behind schedule.”
Forrest singled out major Australian oil and gas producer Woodside,labelling it and other fossil fuel producers like global giant ExxonMobil as the “world’s greatest deceivers” about the deadly threat that rising heat and humidity from climate change poses to humanity’s survival.