The battle for stronger climate ambition for AGL appears far from over,especially now that billionaire investor activist Mike Cannon-Brookes’ board picks have been elected.
Power and gas giant AGL has been dealt a stunning defeat after shareholders elected all four board candidates nominated by activist investor Mike Cannon-Brookes.
Only a matter of time:arguably AGL shareholders have not given Patricia McKenzie a sufficient mandate to remain as chair.
Power giant AGL is facing the escalating threat of a clash with investors as support builds behind a push to defy the board and elect new company directors.
The billionaire investor has hit back at claims his four nominees for the AGL board are not independent,and defended his agitation towards the company.
Billionaire Mike Cannon-Brookes’ push to install new directors to AGL has won the backing of an influential shareholder adviser ahead of a crucial vote.
Mike Cannon-Brookes has again urged AGL shareholders to vote in favour of his preferred board candidates at the company’s annual general meeting next month
As the world’s electricity utilities race to decarbonise,they are navigating the technology megatrends of decentralisation and digitalisation of the energy markets. Can traditional energy utilities evolve?
Rising energy prices are likely to flow through to the energy giant’s bottom line,but it has a corporate Game of Thrones to overcome first.
Victoria’s environmental regulator has been accused of allowing three coal-fired power stations to contaminate the air with millions of tonnes of pollution.
AGL sits in an uncomfortable position where the board,led by Patricia McKenzie,is technically in control but Michael Cannon-Brookes’ Grok appears to be in de facto charge.