Business
Billionaire retailer Solomon Lew lashes shareholder protest over JobKeeper claims – Sydney Morning Herald
Major fashion retailer Premier Investments has been delivered a rare ‘first strike’ after shareholders protested the company’s decision to issue bonuses while receiving…
The resounding strike was issued following advice from major proxy firm ISS, which cited a slew of issues including excessively high remuneration for chief executive Mark McInnes and weak hurdles for the awarding of bonuses.
ISS also took issue with Premier’s lack of disclosure of the “true impact” of COVID-19 on the business, noting that the company received significant JobKeeper subsidies which boosted earnings and therefore boosted the level of bonuses awarded to executives.
“[Short-term bonuses]…
-
Noosa News7 hours agoMan charged over allegedly abandoning Arnie the German shepherd in car after claiming dog and vehicle were stolen
-
Noosa News8 hours agoMotorcyclist dies in crash with truck
-
Noosa News23 hours agoPolice officer who tracked Toyah Cordingley’s phone gives evidence at Rajwinder Singh’s murder trial
-
General14 hours agoSmall-town cleaner finds himself in legal battle with EnduroShield over product packaging