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AGM season

Yesterday

ANZ chairman Paul O’Sullivan says he was “spoilt for choice” in selecting a new CEO.

What forced ANZ board to move on Elliott

Facing the prospect of an embarrassing protest vote at next week’s AGM, ANZ’s board is ringing the changes.

  • Anthony Macdonald

This Month

Annual general meetings give shareholders a chance to meet directors, and to ask them hard questions.

Wine, coffee and shortbread biscuits: Inside this year’s AGM season

“Why can’t you pay dividends in gold instead of cash?” one investor asked the mining company’s board. “I want to hang a chunk from a necklace.”

  • Mark Wembridge

November

Andrew Ellison at the Resource Development Group AGM.

Andrew Ellison battles shareholders at AGM of MinRes subsidiary

Chris Ellison’s younger brother has been accused of mismanaging the flagship garnet mine of his company Resource Development Group.

  • Updated
  • Mark Wembridge
David Thodey.

Ramsay’s riddle the high point of AGM season mixed messages

What we saw at the private hospital giant’s annual meeting on Tuesday doesn’t make sense. Good luck to the new CEO.

  • Anthony Macdonald
Best & Less acquirer Brett Blundy bought up City Chic stock last year.

City Chic chair hits the phones ahead of AGM

With the shares off 73 per cent over the past year and considering 27.6 per cent of shareholders voted against its report at the 2023 AGM, it’s only prudent for Michael Kay to get on the front foot.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
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Ramsay Health Care runs the country’s biggest network of private hospitals.

Ramsay investors push for shake-up of ‘failed’ overseas expansion

The country’s largest private hospital operator is facing demands from shareholders to discard international operations and focus on its local facilities.

  • Anthony Macdonald

Brett Blundy reassures investors after Lovisa sales miss mark

The jewellery and accessories chain’s billionaire chairman insists he is still a “growth junkie” despite new store openings falling well short of expectations.

  • Updated
  • Carrie LaFrenz and Gus McCubbing

Worley narrowly dodges strike on remuneration report at AGM

The engineering group’s investors want to know why the company is paying big bonuses to executives but not raising dividends for shareholders.

  • Jenny Wiggins
Ruslan Kogan, founder and CEO of Kogan.com.

Proxy firm tells Kogan investors to vote down exec pay

Ownership Matters told its clients to also vote against the re-election of James Spenceley following a questionable options deal earlier this year.

  • Carrie LaFrenz
Cettire specialises in shipping luxury products from Europe at significantly reduced prices to those that can be found in the brands’ own stores.

Cettire suffers from soft trade in luxury goods

CEO Dean Mintz says more of the online luxury platform’s margin has been passed on to consumers in hefty promotions.

  • Carrie LaFrenz
Goodman Group CEO Greg Goodman makes no apologies for paying based on performance.

The cycle that helps Goodman employees out-earn Macquarie by 2.3 times

Should the tide ever turn on logistics parks, data centres and Goodman Group’s incredible business, perhaps investors will wonder whether they cut it too much slack.

  • Anthony Macdonald
Platinum founder Kerr Neilson casts his ballot at the Platinum annual general meeting in Sydney on Tuesday.

Platinum founder leads shareholder protest over exec pay

Platinum’s board was hit with a dreaded second strike after founder Kerr Neilson led a shareholder revolt against the company’s remuneration report.

  • Jonathan Shapiro
Coles CEO Leah Weckert with chairman James Graham at the AGM on Tuesday.

Coles chairman says cost of living has been ‘politicised’

James Graham told the comapny’s AGM that supermarkets are being targeted unfairly by politicians.

  • Updated
  • Carrie LaFrenz
Steve Johnson from Forager Funds is advocating for change at the top of Bigtincan.

Forager fundie seeks to spill ASX tech minnow’s board

Forager Funds’ Steve Johnson has written to Bigtincan’s shareholders urging them to deliver a second strike on executive pay and block a SPAC takeover.

  • Tess Bennett

October

New ASX chairman David Clarke, left, with Wayne Byres, who was also elected to the ASX board on Monday morning.

ASX hit with ‘first strike’ at AGM over regulatory concerns

David Clarke and Wayne Byres were elected to the ASX board with strong support, but it faced a backlash on executive bonuses as the CHESS fallout continues.

  • James Eyers
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Mark Coulter CEO of Temple & Webster has tuck to full year margin guidance. 

Temple & Webster sales growth slows

The online furniture retailer is the latest to show sales momentum is slowing this half.

  • Carrie LaFrenz
Advertising executive and Qantas board member is a regular on ABC’s Gruen Transfer.

Qantas ponders a future without advertising guru Todd Sampson

Thirteen months since customer and shareholder anger was at its peak, one director remains a lightning rod for investor dissatisfaction.

  • Ayesha de Kretser
APA chairman Michael Fraser (left) and CEO Adam Watson at the AGM in Sydney on Thursday.

UniSuper won’t back up claims it sold APA on gas worries

Dissatisfaction about APA shares trading near a 10-year low added to the complaints voiced by investors at the fiery AGM, which was dominated by concerns over Beetaloo gas.

  • Angela Macdonald-Smith
Super Retail CEO Anthony Heraghty and new chairwoman Judith Swales at the Super Retail Group AGM in Brisbane.

Rebel-owner ups discounts in stores as sales slow

The retailer behind Rebel Sport has placed more product on discount, and says the outlook for the consumer remains uncertain.

  • Carrie LaFrenz
Cobram Estate co-founder Robert McGavin will prolong his stay on the company’s board.

Glass Lewis backflip prompts AGM proxy process questions

It is one thing to have a view, it is another to stand behind it. How much work goes into some of these proxy recommendations?

  • Anthony Macdonald