Woolworths received a first strike against its remuneration report at the AGM.
Former Woolworths CEO Roger Corbett criticised the retailer’s chairman Scott Perkins for supporting “the status quo” at Endeavour Group.
Woolworths is the second-biggest shareholder in Endeavour, and will vote against the election of board nominee Bill Wavish.
Former Woolworths chief executive Roger Corbett made a surprise appearance at the supermarket giant’s annual meeting, criticising the retailer’s chairman Scott Perkins for supporting “the status quo” at Endeavour Group, where Woolworths is a major shareholder.
Woolworths received a first strike against its remuneration report at Thursday’s meeting, partly due to investors taking issue with rewarding executives following the deaths of two staff members in the past 12 months.
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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
