NextDC is facing a shareholder revolt against executive remuneration plans that would make its chief executive Craig Scroggie one of the highest-paid leaders of a publicly listed company.
CGI Glass Lewis and Institutional Shareholder Services, two influential governance advisory firms, have urged investors to vote against a $150 million bonus package, designed to stop NextDC’s top executives being poached, at its annual meeting on Thursday.
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Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com