Veteran retailer Gerry Harvey has launched a blistering attack on a proxy adviser,saying it’s to blame for the remuneration strike.
The fiery Qantas annual general meeting highlighted a fiery AGM season,but despite the healthy displays of shareholder democracy more work is needed.
Ex-Wallabies star John Eales narrowly survived a vote on his tenure as director of the embattled fund manager as shareholders rejected the firm’s executive pay.
Shareholder dissent can be traced to events since the airline disclosed a record $2.47 billion in underlying profit on August 23.
Endeavour chairman Peter Hearl was forced to defend the company’s leadership and share price performance,as well as a prolonged attack from former Woolworths chief Roger Corbett.
The royal commission into financial services and Rio Tinto’s Juukan Gorge disaster in 2020 have also made social licence an important benchmark for investors.
Corporate giants such as Qantas,Wesfarmers,Rio Tinto and BHP have poured millions into the Yes campaign but are now facing pressure from the peak shareholders’ body.
Woodside Energy faces another investor revolt at its annual meeting next week with board member Ian Macfarlane facing a backlash over climate concerns.
Environmental group Market Forces has lodged a complaint with the corporate watchdog alleging ANZ Bank misled its investors in its description of a shareholder resolution on climate change.
The billionaire said Ben Roberts-Smith,who is still an employee of Seven,was innocent and deserved legal representation.
In an interview with journalists after Nine’s annual general meeting,Mike Sneesby said the opportunity for advertising on streaming service in Australia was “minimal”.