If there’s one thing angry shareholders can do to vent, it’s vote against a remuneration report. Over at Thursday’s annual general meeting for Perpetual, a massive 88 per cent voted against its payment plans. Two fat ladies for chairman Tony D’Aloisio.
Far less covered is another strike early in AGM season. On Wednesday, shareholders of Clinuvel Pharmaceuticals voted against its pay proposals (at a much slimmer) 52 to 48.
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Mark Di Stefano is Rear Window columnist, based in the Sydney newsroom. He previously worked at BuzzFeed, the Financial Times and The Information before joining the Financial Review as a media and tech correspondent. Connect with Mark on Twitter. Email Mark at mark.distefano@afr.com
