The hits keep on coming at Craig Scroggie-led data centre owner NextDC. And another blow may be delivered in just 18 days if the company’s board has not manoeuvred strategically and swiftly enough to avoid a second strike against pay at its upcoming annual shareholder meeting.
Influential governance firm CGI Glass Lewis is already urging investors to vote against NextDC’s remuneration report. That’s based on what CGI deems an inadequate response by the board to last year’s strike, recent operational woes, and a stark misalignment between remuneration and performance.
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