Australian companies facing investor anger over executive pay at near record levels, says study By Reuters

Investor Opposition to Executive Pay: In 2024, a significant number of Australian companies faced investor backlash over executive remuneration plans, with 40 out of the top 300 companies experiencing over 25% opposition at annual meetings, reflecting growing frustration amid rising living costs and corporate scandals.

Impact of Shareholder Votes: The "two strikes" rule allows shareholders to vote annually on remuneration reports, leading to an increase in companies facing consecutive "no" votes. Despite this, no boards were removed following these votes, indicating a complex relationship between shareholder sentiment and corporate governance.