Proxy firm Ownership Matters has advised Kogan investors to vote down its remuneration report and against the re-election of independent director James Spenceley following an options buy-out the board struck with two executives earlier this year.
The proxy adviser’s instructions are based on the board’s treatment of the 2021 retention options for chief executive and founder Ruslan Kogan and chief financial officer David Shafer.
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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
