NewsBite

Peter Mason survives proxy hostility to AusNet chair election

Angela Macdonald-Smith

Former AMP chairman Peter Mason has survived strong opposition from proxy investors to his re-election to the same role at AusNet Services, only thanks to major shareholders Singapore Power and China State Grid standing firmly behind him.

Proxies voted ahead of Thursday's annual general meeting, came in 57.3 per cent against Mr Mason's re-election as a director, following the recommendation of two major advisers that raised worries over previous "failures of governance, stewardship and risk oversight" identified at AMP in the banking royal commission.

Loading...
Angela Macdonald-Smith writes on the resources industry with a focus on energy, including gas, oil, electricity and renewables. Connect with Angela on Twitter. Email Angela at amacdonald-smith@afr.com

Read More

Latest In Energy

Fetching latest articles

Most Viewed In Companies

    Original URL: https://www.afr.com/companies/energy/peter-mason-survives-proxy-hostility-to-ausnet-chair-election-20190719-p528rs