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ASX Hit With First Strike Over Executive Pay

Por: MarketWatch Business September 28, 2022

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Almost 30% of shareholder votes cast at ASX's annual general meeting Wednesday were against the 2022 remuneration report. A first strike is triggered when 25% or more of shares are against a company's remuneration report. If the remuneration report receives dissent votes of 25% or more for two straight years, directors could face re-election. The ASX board has, as disclosed in its annual report, materially reduced former Chief... + full article



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