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Proxy adviser tells shareholders to rebuke Qantas on exec pay

Ayesha de Kretser
Ayesha de KretserSenior reporter

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Qantas shareholders are being advised to deliver the airline a second strike by rejecting its remuneration report, despite the board slashing former chief executive Alan Joyce’s bonuses by more than $9 million this year.

ISS diverged from its proxy advice competitors Ownership Matters and Glass Lewis, recommending that shareholders vote against Qantas’ executive pay scheme at its annual meeting in Hobart this month, and against chairman-elect John Mullen’s elevation to the top board role.

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Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au

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    Original URL: https://www.afr.com/companies/transport/proxy-adviser-tells-shareholders-to-rebuke-qantas-on-exec-pay-20241011-p5khoo