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.