Australia's Magellan Financial shareholders vote against remuneration report
08/11/2023 03:31
Nov 8 (Reuters) - Magellan Financial Group's MFG.AX
board received a "first strike", as shareholders voted against
the Australian fund manager's remuneration report on executive
pay following years of share price slide and fund outflows.
More than 58% of its shareholders voted against the adoption
of the remuneration report, results of Magellan's annual general
meeting showed on Wednesday.
(Reporting by Roshan Thomas in Bengaluru; Editing by Rashmi
Aich)
((Rishav.Chatterjee@thomsonreuters.com;))
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