Boards should consult more with investors and governance experts to avoid protest votes against remuneration reports and director elections, says Naomi Edwards, the new chairman of the Australian Institute of Company Directors.
Investors have become increasingly willing to vent their anger over executive pay packets and other grievances since the “two-strikes” rule was introduced in 2011.
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Sally Patten edits BOSS, and writes about workplace issues. She was the financial services editor and personal finance editor of the AFR, The Age and the Sydney Morning Herald. She edited business news for The Times of London. Connect with Sally on Twitter. Email Sally at spatten@afr.com
