Myer is attempting attempting to head off a shareholder revolt by tweaking its remuneration structures so that half of any short term incentive is paid in shares rather than cash.
The department stores group joins furniture and appliances retailer Harvey Norman in responding to shareholder pressure to tie incentive arrangements to improvements in shareholder value.
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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
