Steinhoff investors reject changes to management pay policy
Investors also object to the size of fees paid to advisers
31 August 2020 - 05:18
Steinhoff International shareholders voiced their frustration with the scandal-hit retailer by voting against proposed changes to director pay policies and rejecting financial statements for last year.
Investors logged into the company’s virtual annual meeting on Friday protested against the extent of fees paid to various advisers, some related to a deal the retailer reached with creditors to skip debt repayments after the group’s late-2017 accounting crisis...
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