There has been a significant increase in the number of ASX 300 companies receiving a strike against their remuneration report in the 2018 AGM season, with fifteen companies overall receiving strikes compared with six in 2017.
Recent Strikes Against Remuneration Reports
Two recent shareholder-initiated strikes, one at Telstra and the other at Tabcorp, potentially reflect different foundations leading shareholders to vote against their Remuneration Reports.
Strikes Against the Remuneration Report – 2017 AGM Season
Among the top 300 listed companies by market capitalisation*, there were six companies that experienced a significant shareholder vote against their Remuneration Report during the final quarter of the 2017 Annual General Meeting season.
5 Steps to Avoid a Strike at Your Next AGM
We discuss the simple process companies should follow to minimise the likelihood of a strike at their next AGM.
Remuneration Report Strikes – 2016 Round-up
2016 has been the year of the high-profile strike, with the list of companies receiving an adverse remuneration report vote reading like a who’s who of corporate Australia.
Five years of the Two Strikes Rule – The Good, the Bad and the Ugly
Five years after the introduction of the two strikes rule, it’s a good time to reflect on the legislation’s effectiveness in ensuring reasonable executive remuneration.