STUART THEOBALD: Investors and boards have some way to go to find each other on the issue of remuneration
Shareholders voting against remuneration reports must say what it will take to earn their votes
12 June 2023 - 05:00
AGM season this year continues to see significant shareholder votes against remuneration. Unhappiness is expressed through “nonbinding” votes on remuneration policies and implementation of those policies.
According to JSE listings rules, if a company gets less than 75% support from shareholders, it must “engage” with those shareholders to discuss the issues...
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