December 2024
Elliott’s bonus hit shows how grumpy ANZ investors really are
Local fund managers are clearly unhappy with the board’s approach to risk management. Shayne Elliott is wearing a lot of their grief.
Shayne Elliott gives up $3m in bonuses as ANZ cops first pay strike
Shareholders have handed the bank its first strike against remuneration in six years, furious about the handling of the crisis engulfing its trading floors.
Xero CEO’s pay rise shows how to earn corporate Australia’s big bucks
There is one way to earn the big money, and it isn’t linked to market cap, importance to Australia’s economy or even shareholder returns.
Calls grow for Westpac to reveal energy transition plan thinking
Australian Ethical and Market Forces have put forward a resolution for a second year seeking more detail on the bank’s assessment of borrowers’ transition plans.
Myer says Black Friday sales were ‘encouraging’ despite tough trading
The retailer’s executive chairwoman Olivia Wirth used her first annual meeting in the job to sell plans for a merger with Premier Investments’ fashion brands.
What forced ANZ board to move on Elliott
Facing the prospect of an embarrassing protest vote at next week’s AGM, ANZ’s board is ringing the changes.
Wine, coffee and shortbread biscuits: Inside this year’s AGM season
“Why can’t you pay dividends in gold instead of cash?” one investor asked the mining company’s board. “I want to hang a chunk from a necklace.”
November 2024
Andrew Ellison battles shareholders at AGM of MinRes subsidiary
Chris Ellison’s younger brother has been accused of mismanaging the flagship garnet mine of his company Resource Development Group.
Ramsay’s riddle the high point of AGM season mixed messages
What we saw at the private hospital giant’s annual meeting on Tuesday doesn’t make sense. Good luck to the new CEO.
City Chic chair hits the phones ahead of AGM
With the shares off 73 per cent over the past year and considering 27.6 per cent of shareholders voted against its report at the 2023 AGM, it’s only prudent for Michael Kay to get on the front foot.
Ramsay investors push for shake-up of ‘failed’ overseas expansion
The country’s largest private hospital operator is facing demands from shareholders to discard international operations and focus on its local facilities.
Brett Blundy reassures investors after Lovisa sales miss mark
The jewellery and accessories chain’s billionaire chairman insists he is still a “growth junkie” despite new store openings falling well short of expectations.
Worley narrowly dodges strike on remuneration report at AGM
The engineering group’s investors want to know why the company is paying big bonuses to executives but not raising dividends for shareholders.
Proxy firm tells Kogan investors to vote down exec pay
Ownership Matters told its clients to also vote against the re-election of James Spenceley following a questionable options deal earlier this year.
Cettire suffers from soft trade in luxury goods
CEO Dean Mintz says more of the online luxury platform’s margin has been passed on to consumers in hefty promotions.
The cycle that helps Goodman employees out-earn Macquarie by 2.3 times
Should the tide ever turn on logistics parks, data centres and Goodman Group’s incredible business, perhaps investors will wonder whether they cut it too much slack.
Platinum founder leads shareholder protest over exec pay
Platinum’s board was hit with a dreaded second strike after founder Kerr Neilson led a shareholder revolt against the company’s remuneration report.
Coles chairman says cost of living has been ‘politicised’
James Graham told the comapny’s AGM that supermarkets are being targeted unfairly by politicians.
Forager fundie seeks to spill ASX tech minnow’s board
Forager Funds’ Steve Johnson has written to Bigtincan’s shareholders urging them to deliver a second strike on executive pay and block a SPAC takeover.
October 2024
ASX hit with ‘first strike’ at AGM over regulatory concerns
David Clarke and Wayne Byres were elected to the ASX board with strong support, but it faced a backlash on executive bonuses as the CHESS fallout continues.