Yesterday
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.
- Carrie LaFrenz
This Month
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.
- Carrie LaFrenz
- Opinion
- Chanticleer
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.
- Anthony Macdonald
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.
- Jonathan Shapiro
Coles chairman says cost of living has been ‘politicised’
James Graham told the comapny’s AGM that supermarkets are being targeted unfairly by politicians.
- Updated
- Carrie LaFrenz
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.
- Tess Bennett
October
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.
- James Eyers
Temple & Webster sales growth slows
The online furniture retailer is the latest to show sales momentum is slowing this half.
- Carrie LaFrenz
Qantas ponders a future without advertising guru Todd Sampson
Thirteen months since customer and shareholder anger was at its peak, one director remains a lightning rod for investor dissatisfaction.
- Ayesha de Kretser
UniSuper won’t back up claims it sold APA on gas worries
Dissatisfaction about APA shares trading near a 10-year low added to the complaints voiced by investors at the fiery AGM, which was dominated by concerns over Beetaloo gas.
- Angela Macdonald-Smith
Rebel-owner ups discounts in stores as sales slow
The retailer behind Rebel Sport has placed more product on discount, and says the outlook for the consumer remains uncertain.
- Carrie LaFrenz
- Opinion
- Chanticleer
Glass Lewis backflip prompts AGM proxy process questions
It is one thing to have a view, it is another to stand behind it. How much work goes into some of these proxy recommendations?
- Anthony Macdonald
- Updated
- Nick Scali Limited
Nick Scali warns on profits as shipping costs jump five-fold
The furniture retailer says it is on track for lower earnings, largely due to higher freight costs. But investors are bullish as the number of orders rises.
- Updated
- Carrie LaFrenz
- Opinion
- Chanticleer
Cobram Estate shows AGM season proxy advice can be a slippery slope
Annual shareholder meetings often bring out the nitpickers. A push against the founder and chairman of the ASX-listed olive oil producer is a prime example.
- Anthony Macdonald
- Opinion
- Governance
Perpetual board fails to show the slightest contrition for failures
There have been plenty of governance fails among ASX-listed companies. But the speed and scale of wealth destruction at Perpetual ranks it among the worst.
- Jonathan Shapiro
Perpetual investors deliver massive rebuke, 88pc vote against pay plan
The investment management giant has been hit with big outflows, but had proposed paying huge bonuses to retain key staff.
- Jonathan Shapiro
Telstra investors protest against executive bonuses
Not all Telstra shareholders are happy about its executive bonuses after the telco’s annual profit was hit by hefty write-downs and restructuring costs.
- Jenny Wiggins
New Perpetual CEO vows to take knife to costs
New boss Bernard Reilly agrees with shareholders who have recommended he cut costs as the firm prepares for life as a slimmed-down asset manager.
- Jonathan Shapiro
- Opinion
- Chanticleer
Tabcorp’s silent hands reveal how activism really works
As AGM season ramps up, the behind-the-scenes discussions happening at Tabcorp are a rare example of how shareholders shape corporate Australia.
- Anthony Macdonald
Westpac’s Peter King keeps his promise on Tiwi Islands consultation
The outgoing CEO had said at last year’s AGM that he would visit Indigenous leaders on country to listen to concerns about Santos’ Barossa gas project.
- James Eyers