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Elders chair overrules shareholders
Myriam RobinRear Window editorIn the sleepy annals of Australian shareholder democracy, widespread and broadly representative shareholder revolts are exceedingly rare.
There’s a reason the Corporations Act requires only 25 per cent of votes to be cast against a remuneration report to constitute a “strike”. Anything higher would seldom be reached, leaving boards with little to fear.
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