Nine hit with 'first strike' shareholders protest

By AdNews | 7 November 2024
 
Credit: Kurt Anderson via Unsplash

Shareholders of Nine Entertainment today voted a first strike at the company's AGM, halfway to spilling the board of directors.

The shareholder vote on the media group's remuneration report, governing payment of directors and senior executives, was 37.41% against.

Anything above 25% is considered a first strike.

A second strike vote against a remuneration report would mean shareholders vote on whether to hold a meeting to remove the board of directors.

Shareholders at the AGM questioned the board on the company review report which identified sexual harassment, bullying, misuse of power and inappropriate behaviour at Nine. 

At the AGM, chair Catherine West held on to her seat on the board with an 82% vote in favour. 

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