Review of 2015 general meeting outcomes
OM’s annual review of meeting outcomes across the S&P/ASX 300 reviews increased signs of investor willingness to oppose board-endorsed directors with incumbent directors at three companies resigning immediately prior to the annual meeting presumably in the face of significant investor opposition. The number of ‘strikes’ on remuneration report resolutions also increased slightly, from 16 across the S&P/ASX 300 in 2014 to 19 in 2015. The ongoing phenomenon of management narrowly avoiding defeat also continued.