3 questions lodged at 2026 Viva Energy (VEA) hybrid AGM
May 22, 2026
Below is the text of the 3 written questions submitted at the 56 minute Viva Energy (VEA) hybrid AGM held in Melbourne and via the Link/MUFG platform on May 21, 2026. See notice of meeting and voting results. Market cap was $3.84b on AGM day. The proxies were disclosed early in the formal addresses with two modest protest votes raised in the questions below.
Q1. Why was there an 8% vote against Arnoud's election? Did a proxy adviser recommend against?
Answer: chair Sarah Ryan said she had no idea why there was an 8% vote against Singapore-based director Arnoud De Meyer when all 4 proxy advisers were in favour. It's not a secret ballot so a chair should be on top of who voted against. Watch video of exchange via Twitter.
Q2. Could new director John Joyce and the chair comment on the recruitment process that led to his appointment to the board. Was a head hunter involved and did the full board interview any unsuccessful candidates? Did John know any of our directors before engaging with the recruitment process?
Answer: The chair Sarah Ryan detailed a good clean, competitive process run by an external recruitment firm. Always like it when the new director didn't know any of the existing directors at the start of the recruitment process. Watch video of exchange via Twitter.
Q3. Thank you for disclosing the proxies early to the ASX. There was a 10% vote against Scott Wyatt's LTI grant. Which of the proxy advisers recommended against and what was the issue that concerned them?
Answer: Viva Energy chair Sarah Ryan showed how to answer this sort of question, revealing that it was ISS which recommended against the LTI grant to CEO Scott Wyatt due to both transparency and quantum concerns. Watch video of exchange via Twitter.
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