Leading governance experts have raised concerns over property giant Charter Hall’s decision to award $91 million in bonus shares to its top executives, setting the scene for a shareholder backlash at its annual meeting later this week.
The criticism by leading proxy adviser firms CGI Glass Lewis and Institutional Shareholder Services follow Charter Hall board approval of the granting of four million rights under the company’s retention and performance scheme, with a face value of $91 million at June 30.
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