ALS is a major global tester in the commodities and life science sector.
It warned earnings will be down 5 per cent in the coming half.
ALS suffered a 28 per cent vote against its remuneration report.
ALS has suffered a first strike against its pay practices, despite the chairman saying the laboratory testing giant had been placed in a “ridiculous situation” around remuneration disclosure laws that compelled it to pay nearly $1.5 million in retention bonuses.
The protest vote came as Brisbane-based ALS, which has 19,000 staff globally testing everything from water to gold samples, said it would refrain from taking a stance on the Voice to parliament referendum.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
