Companies which clarify rem ahead of AGM vote


December 17, 2015

This list looks at companies which put out an ASX announcement clarifying an aspect of their remuneration arrangements shortly before an AGM, usually at the prompting of proxy advisers or major institutional investors.

Slater + Gordon, 2015: clarified a number of issues on November 6 ahead of November 20 AGM.

Fairfax Media, 2012: clarified a number of issues with a large incentive grant to CEO Greg Hywood on October 15 ahead of October 24 AGM.

Harvey Norman, 2014: clarified the CEO's incentive grant on November 14 but still received a 75% against vote on the remuneration report at the November 25 AGM.

IOOF, 2015: clarifying statement on the number of performance rights to CEO made on November 9, ahead of November 26 AGM. Previously had advised would be 70,000 rights but confirmed NOM that it was up to 75,000.

QBE Insurance, 2008: chairman John Cloney launched April Fool's Day attack on "jaundiced" Risk Metrics against recommendation ahead of April 8 AGM.