‘Struck’ companies pare executive pay
Most of the companies that suffered a strike to remuneration reports in last year’s annual general meeting season have trimmed their 2014 remuneration to avoid a second strike.
The majority of companies that received a strike to their remuneration report during the 2013 annual general meeting season have given their 2014 remuneration a nip and tuck to avoid another strike this year.
An analysis by The Australian Financial Review showed that companies that got a strike last year, including Super Retail Group and Southern Cross Media Group, have responded to shareholder complaints from last year’s meeting by changing their remuneration mix or providing more transparency to their remuneration structure.
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