In unusual move, Astral hits back at shareholders for rejecting executive pay policy

In a highly unusual move, Astral Foods, SA’s biggest poultry producer,  blasted shareholders for symbolically rejecting its remuneration report,  saying the vote was inexplicable and inconsistent.

At an annual shareholders’ meeting on Thursday,  58% of eligible shareholders voted against the report — which details the pay and perks given to executive directors in the year under review — triggering a JSE rule that would require it to take steps to address their concerns...