Myer has avoided a third strike against its remuneration report after tweaking executive remuneration and convincing most shareholders that its turnaround plan is on track.
About 19.1 per cent of shares voted before the annual meeting in Sydney on Wednesday were against the adoption of the remuneration report, below the 25 per cent threshold required to trigger a strike.
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Sue Mitchell writes the fortnightly Window Shopping column for the Financial Review and has covered retailing for over 30 years. Connect with Sue on Twitter. Email Sue at smitchell2045@gmail.com
