Endeavour will be hit by a protest vote against its executive remuneration at its annual meeting of shareholders this week, but a push by its largest investor to install his ally on the board of the liquor retailer has failed.

Bruce Mathieson, the billionaire publican, was pushing for former Woolworths executive Bill Wavish to be elected as a director against the wishes of the rest of the board, and has waged a campaign against the company which he regards as a poor performer.