TFG to meet dissenting shareholders after pay vote failure
One of two polls failed to garner 75% support, making it the fourth consecutive year that a ballot has failed
11 September 2022 - 18:32
Executive remuneration at TFG, owner of more than 30 fashion and homeware retail brands including Markham and @home, has received some support from shareholders after two years of failed votes, with one of the two pay votes passing at the AGM this year.
JSE rules require listed companies to hold two advisory votes on senior executive remuneration at their annual general meetings. If one or both votes fall below the 75% majority, the business must meet unhappy shareholders in the months after the meeting. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.