Transurban chairman Lindsay Maxsted says proxy firms are behind a first strike against the tollroad group’s remuneration report as he defended the big short-term bonuses paid to executives during the pandemic as “fair”.
About 555.7 million proxies were voted against Transurban’s remuneration report at its annual general meeting on Thursday – 25.7 per cent of all votes cast – compared to 1.59 billion votes in favour.
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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com
