Feathers are set to fly at freshly listed chicken processor Ingham's annual shareholder meeting on Tuesday after executives and directors have been issued $32 million worth of bonuses after listing last year.

Ingham's CEO Mick McMahon and CFO Ian Brannan received $8 million in IPO bonuses alone on top of their annual bonuses, with influential proxy adviser ISS warning the payments are "excessive" and urging investors to vote against the company's remuneration report.