Sigma Healthcare, which is seeking to merge with pharmacy giant Chemist Warehouse, received a first strike on executive pay from shareholders at its annual meeting on Thursday.
More than 47 per cent of proxy votes cast were against Sigma’s remuneration report. A company receives a “strike” if its protest vote around pay exceeds 25 per cent, and two consecutive strikes result in a spill motion.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
