June
CEO pay goes green, but details lacking on performance measures
It’s one thing to set CEO remuneration based on climate change goals; it’s another to be able to properly measure them.
- Anthony Macdonald
May
Chemist Warehouse-bound Sigma gets first strike on pay
The drug wholesaler, which is seeking to merge with Chemist Warehouse, will get news on the deal from the ACCC in mid-June.
- Carrie LaFrenz
‘Asleep at the wheel’: Appen shareholders vent frustrations
Long-suffering shareholders of the data service company have delivered a 19 per cent vote against the company’s remuneration report at its AGM on Friday.
- Tess Bennett
Elders chair overrules shareholders
When 63.6 per cent of shareholders indicate they don’t want to grant a CEO some 180,000 free shares, most chairmen would listen. Not Ian Wilton.
- Myriam Robin
- Updated
- QBE Insurance
QBE pumps up Australian premiums, but squeeze slows
QBE revealed growth in all commercial markets at its AGM, including in Australia, where premiums increased by 11 per cent.
- Updated
- Liam Walsh
G8 Education board faces investor scepticism over Star links
The biggest for-profit operator of childcare also revealed some problems had struck a controversial deal to offload underperforming centres.
- Liam Walsh
April
Rugby Australia stakeholders oust director, former NRL exec elected
The governing body’s shareholders were required to vote for five board directors at the annual general meeting. Only four were elected.
- Zoe Samios
Woodside looks inward after climate gambit defeated
The oil and gas producer felt the force of big super and green investors when it took a transition plan to shareholders. Now it has no choice but to do better on emissions.
- Anthony Macdonald
- Opinion
- Chanticleer
Richard Goyder’s Woodside board seat is safe, climate plan is not
Early votes tell us what to expect at Woodside’s annual meeting. It’s clear investors want more action on emissions, particularly at a big oil and gas producer.
- Anthony Macdonald
British shareholder LGIM piles more climate pressure on Woodside
The $2.3 trillion asset manager will vote against not only the gas giant’s climate plan but also against chairman Richard Goyder’s re-election.
- Hans van Leeuwen
- Analysis
- Carbon challenge
Woodside treads impossibly fine line on climate demands
Whether new oil and gas projects can align with the Paris Agreement is central to the oil and gas producer’s stoush with activists and some proxy advisers.
- Updated
- Angela Macdonald-Smith
Woodside slams Glass Lewis’ carbon assessment
The proxy adviser appears to have based its views on two activist groups holding up to 0.005 per cent of the stock and ignored Woodside’s extensive talks on climate, it said.
- Angela Macdonald-Smith
Proxy group at odds with itself over Woodside’s Richard Goyder
The sustainability arm of Institutional Shareholder Services is recommending against the re-election of the company’s chairman – contradicting its main analyst.
- Angela Macdonald-Smith
High-profile analyst accuses CGI Glass Lewis of activism on Woodside
Saul Kavonic, of MST Marquee, said the influential proxy advisory group “appears to have lost objectivity and equity in its work”.
- Angela Macdonald-Smith
Allan Gray will disregard proxy advice and back Goyder at Woodside
The investment firm is a big shareholder in the oil and gas giant. It is supporting its climate strategy in the face of opposition from environmentalists.
- Angela Macdonald-Smith
March
Jet costs cloud proxy adviser support for Santos
CGI Glass Lewis raised “concerns” over the use of a corporate jet for top management, but it and ISS backed both the remuneration report and chairman Keith Spence’s re-election.
- Angela Macdonald-Smith
Atlas Arteria investors fear board shake-up at AGM
Atlas Arteria shareholders say IFM Investors could use its near 25 per cent stake to force a second strike at the company’s annual general meeting in May.
- Jenny Wiggins
Woodside rebuffs activist push against chairman on climate
The board said it “strongly disagrees” with activist shareholder groups seeking to block Richard Goyder’s re-election and to reject the remuneration report.
- Angela Macdonald-Smith
December 2023
Australia will avoid a recession, says NAB CEO
Chief executive officer Ross McEwan says Australia’s economy is well positioned even if “it will continue to feel harder for some time”.
- Lucas Baird
Westpac boss to fly to Tiwi Islands to discuss Santos project
After a four-hour AGM in Brisbane, Peter King has committed to visiting the Tiwi following concerns about consultation on Santos’ Barossa project.
- James Eyers