Activist shareholders have inflicted a hit on Karoon Energy’s board as investors voted down the oil and gas producer’s remuneration report at the company’s annual general meeting in Melbourne on Thursday.
Street Talk first reported that more than 26.25 per cent of proxy votes were cast against its executive pay regime ahead of the meeting.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
