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Walking the tightrope: executive remuneration in the wake of the 2018 AGM season

The 2018 AGM season was fraught with peril for listed companies in Australia. With the close of the Hayne Commission and rising public sentiment that executives are being grossly overpaid, the stage was set for one of the most vicious voting seasons in recent years. The number of ASX100 companies receiving a strike against their remuneration report was up three times on 2017, with several organisations receiving near-unprecedented against votes of more than 60%.