Business
Packer uses his Crown votes to save directors’ pay from protest vote – The New Daily
Crown Resorts has received a ‘first strike’ against its remuneration report, with more than 34 per cent of shareholders voting against the resolution.
Crown Resorts has received a ‘first strike’ against its remuneration report, with more than 34 per cent of shareholders voting against the resolution.A first strike occurs when a company’s remuneration report, which outlines each director’s individual salary and bonus, receives a ‘no’ vote of 25 per cent or more by shareholders at its annual general meeting.As expected, Crown’s directors faced major protest votes from its shareholders but they were saved by votes from billionaire major shareholder…
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