Shareholder activism appears to have won the day at embattled empowerment investment company Grand Parade Investments (GPI) - and this could mean a new-look board relishing the challenge of getting fast-food icon Burger King to serve up profits. At a well-attended AGM on Wednesday evening disgruntled shareholders again flexed their muscle to block a number of key resolutions - leaving the group, in some instances, in a bind. More than 60% of GPI's shareholders voted against adopting the nonbinding advisory vote on the company's remuneration policy, and nearly 63% opposed adopting the nonbinding advisory vote on the implementation of the remuneration policy. Disappointed by vote And there was more to come. Shareholders also successfully blocked four special resolutions (which required 75% support) - including on the remuneration of nonexecutive directors (27.41% against), permission to buy back shares (26%) and inter-company financial assistance (32% against). Acting chairman and non...

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