Business
Solomon Lew’s Premier Investments incurs first strike – The Australian Financial Review
Shadow assistant treasurer Andrew Leigh called on Premier Investments to follow the lead of Tesco and repay almost $70 million in government subsidies.
About 48.5 per cent of shares voted were against the remuneration report well above the 25 per cent no-vote required to register a strike. However, the company did not face a board spill motion because it did not receive a strike in 2019.
Proxy adviser ISS had recommended shareholders vote against the remuneration report, not because of wage subsidies but because of chief executive Mark McInnes’ “excessive” fixed salary and other issues.
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