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Article: Pay rule would spill five boards.
- Article from:
- Australasian Business Intelligence
- Article date:
- November 1, 2009
CopyrightCOPYRIGHT 2009 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Patrick Durkin
Nov 01, 2009 (The Australian Financial Review - ABIX via COMTEX) -- The Productivity Commission's proposed "two strikes" rule would have delivered at least five board spills in 2009. Under the proposal, companies would be required to hold board elections if more than 25% of shareholders voted against their remuneration reports for two consecutive years.
Publication Date: 2 November 2009
AUSTRALIA. PRODUCTIVITY COMMISSION
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