Business
Crown chairman Coonan apologises to shareholders for casino’s failures – Sydney Morning Herald
Crown Resorts has received a “first strike” against its remuneration report at its AGM, while two directors appear to have only kept their jobs thanks to the support…
A second “strike” at next year’s AGM could result in a company’s entire board being split and forced to stand for re-election.
Crown Resorts chairman Helen Coonan acknowledged the “significant” protest vote.
“I understand the vote on these resolutions reflects dissatisfaction with the performance of the board and the company, particularly in the context of evidence coming out of the ILGA Inquiry,” Ms Coonan said.
“Shareholders have given a clear and powerful message that board renewal is required,…
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