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Investor proxies get personal with directors, auditors this AGM season

The Australian Financial Review (AFR) •
October 14, 2026 • 06:00 PM
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The local head of proxy firm ISS says the industry’s recommendations are not personal, but some directors probably feel differently.

Investor proxies get personal with directors, auditors this AGM season

Economist Glenn Maguire and former fund manager David Pow are the new sheriffs in town this shareholder meeting season, as they get used to being hated by company directors.

The Sydney pair are heading the new team at influential proxy advice firm ISS Stoxx (formerly Institutional Shareholder Services), which this week recommended that Telstra investors vote against leading director Maxine Brenner. It triggered a 11.5 per cent protest vote .

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