Pay proof will be in the pudding at Charter Hall
The commercial property giant has long delivered for investors, but a protest vote against its pay report sends an important message.
The commercial property giant has long delivered for investors, but a protest vote against its pay report sends an important message.
The protest votes follow concerns raised by proxy adviser firms over shares granted to top executives under a retention and performance scheme.
Criticism by CGI Glass Lewis and Institutional Shareholder Services follows the grant of $91 million in bonus shares to the property giant’s top executives.
The property giant faces an AGM showdown over share bonuses some critics say should never have been made.
Charter Hall’s brokers have sought to position the new listed fund as a beneficiary of the macro mayhem that is rocking valuations of listed REITs.