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Dec 22, 2021

Proxy season preview: Australia

Executive compensation, the Covid-19 pandemic and climate change: what to expect from investors in 2022
The key theme of Australia's proxy season was executive remuneration. ‘We had some companies taking government aid and, while doing that, they paid bonuses and dividends,’ says Jana Jevcakova, managing director for corporate governance at Morrow Sodali. ‘Investors said government money is not there to subsidize bonuses and dividends.’ Jevcakova explains that there is a two-strike rule when it comes to remuneration in Australia: if a board receives 25 percent of shareholder votes cast against

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Mike Schnitzel

Mike Schnitzel is a freelance writer and editor based in New York. In addition to being a contributor to IR Magazine , he is the technical editor at Refinitiv Lipper and freelances regularly for many different outlets. His articles have appeared in...