November 4, 2010
This list tracks against votes of more than 20% on remuneration reports since the non-binding vote was introduced in 2005.
Valad Property Group, 2008: 76.1% - huge protest against excessive pay to executives as company close to collapse. See voting results.
Novogen, 2006: 72.5% - concern over termination benefits for executives and lack of performance hurdles on options. See The Age. See voting results.
Paperlinx, 2010: 68.1% - concern over excessive payments to outgoing CEO Tom Park after years of poor performance. See how The SMH reported the story. See voting results.
Telstra, 2007: 66.18% - not enough performance hurdles or disclosure for Sol Trujillo's package. See voting results.
AGL, 2007: 62.56% - Welshman Paul Anthony pocketed a ridiculous $17 million for 17 months work. See voting results.
Downer EDI, 2009: 59.08% - concern the long term incentive scheme was too generous. See voting results.
Transurban, 2008: 58.56% - concern over $16.6 million farewell to former CEO Kim Edwards. See voting results.
Boral, 2008: 58% - big increase in base pay and short term bonuses for CEO Rod Pearce. See voting results.
Boart Longyear, 2010: 57% - went down badly with 1.037 billion votes in favour and 1.42 billion votes against. See voting results.
Transurban, 2010: 55% See voting results.
AWB, 2009: 54.34%
Wesfarmers, 2008: 50.50% - poor disclosure of incentive scheme for CEO Richard Goyder. See voting results.
Graincorp, 2010: 49.8% See voting results.
United Group, 2009: 49.2% - CEO Richard Leupen got a big incentive to find a successor. Listen to the remuneration debate here. See voting results.
Transurban, 2009: 48% against in the poll after proxies were 69.13% against - listen to the remuneration report debate.
Aspen, 2009: 47.5% See voting results.
Oxiana, 2006: 46.9% - changed the performance period on CEO Owen Hegarty's options, costing shareholders millions. See voting results.
Alumina, 2007: 46.2% - CEO incentives not structured appropriately. See voting results.
MFS, 2007: 45.92% - options for chairman Andrew Peacock and too much cash for the senior executives. See voting results.
Toll Holdings, 2008: 42.94% - big protest against outrageous payouts as part of Asciano demerger. See voting results.
Qantas, 2009: 42.55% - big concern over huge payout to former CEO Geoff Dixon. Listen to the debate here.
Qantas, 2008, 41.48% - shareholders don't believe Geoff Dixon should be the highest paid airline CEO in the world. See voting results.
Lend Lease, 2009, 41.4% - debate was minimal.
Zinifex, 2006: 41.26% - excessive $12 million incentive payment to outgoing CEO Greg Gailey. See voting results.
Asciano, 2010: 41% See voting results.
Suncorp, 2007: 40.61% - excessive incentive payments guaranteed after Promina takeover. See voting results.
Cabcharge, 2009: 40.35% See voting results.
Computershare, 2009: 40%
Babcock & Brown Power, 2007: 38.61% - lack of alignment between executive pay and performance. See voting results.
United Group, 2008: 37.5% - performance pay not correctly structured from CEO Richard Leupen. See voting results.
Rio Tinto, 2010: 37% See voting results.
Challenger Financial Group, 2008: 36.6% - ridiculous golden parachute for CEO Mike Tilley. See voting results.
Sims Group, 2006: 35.6% See voting results.
Centro Properties, 2009: 35.51% See voting results.
Crane Group, 2007: 35.37%
Investa Property Group, 2006: 35.14% See voting results.
Crane Group, 2008: 34.5% - second successive big protest over CEO incentives. See voting results.
Asciano, 2008: 32.85% - excessive package and slack hurdles for CEO. See voting results.
Bendigo and Adelaide Bank, 2009: 32.46% - listen to the remuneration debate
Orica, 2008: 32% - shareholders don't like the non-recourse loans and excessive complexity even though it is actually a very cost-effective way to do it. See voting results.
Suncorp-Metway, 2008: 32% - excessive bonuses after excessive Promina takeover. See voting results.
Toll Holdings, 2007: 31.85% - outrageous payouts to execs as part of Asciano demerger.
Babcock & Brown Infrastructure, 2009: 31.82% See voting results.
Centro Properties Group, 2008: 31.12%
Leighton Holdings, 2009: listen to the debate
Copyright © 2011 The Mayne Report. All rights reserved