ISS Urges ASX Investors to Reject Pay Report
Institutional Shareholder Services urged ASX investors to reject the executive pay report ahead of the annual meeting. The adviser cited misaligned bonuses following weak shareholder returns and regulatory fines.
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Institutional Shareholder Services urged ASX LTD investors to reject executive pay plans on October 1, citing weak financial performance in Australia. The proxy adviser argued that short-term variable remuneration failed to reflect shareholder returns and statutory results. The vote comes ahead of the company's annual meeting on October 22.
