Five major proxy advisers recommend investors reject Qantas’ executive pay scheme and have demanded more details over why the board has not sanctioned the airline’s management financially over an adverse High Court ruling and its flight credits saga.
The Australian Council of Superannuation Investors joined Glass Lewis, Ownership Matters, Institutional Shareholder Services and the Australian Shareholders Association in recommending investors vote against the adoption of Qantas’ remuneration report.
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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
