Shareholders at MultiChoice clearly aren’t charmed with what’s going on at the entertainment company. But don’t tell MultiChoice that — corporate affairs executive Joe Heshu tells the FM that despite a withering protest vote at last week’s AGM, investors "have expressed appreciation for MultiChoice again producing a set of solid results".

I don’t know how you express "appreciation", but in this case it seems to have manifested in a 64% vote against the remuneration policy, an 18% vote against the vast amounts paid to its nonexecutive directors, and a 29% vote against reappointing auditor PwC...

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