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Boards forced to rethink exec pay

Nov 08, 2009 (The Australian Financial Review - ABIX via COMTEX) -- The Productivity Commission's proposed "two strikes" policy would have delivered at least five board spills if it had been adopted prior to the 2009 AGM season. BlueScope Steel chair, Graham Kraehe, said additional regulation of remuneration was not required, despite the large number of protest votes.

Publication Date: 9 November 2009

AUSTRALIA.  PRODUCTIVITY COMMISSION
QANTAS AIRWAYS LIMITED - ASX QAN
UNITED GROUP LIMITED - ASX UGL
TRANSURBAN GROUP LIMITED - ASX TCL
RIVERSDALE MINING LIMITED - ASX RIV
CRANE GROUP LIMITED - ASX CRG
NOVOGEN LIMITED - ASX NRT
FAIRFAX MEDIA LIMITED - ASX FXJ
LEND LEASE CORPORATION LIMITED - ASX LLC
CHALLENGER FINANCIAL SERVICES GROUP LIMITED - ASX CGF
BRAMBLES LIMITED - ASX BXB
BLUESCOPE STEEL LIMITED - ASX BSL
PRICEWATERHOUSECOOPERS AUSTRALIA (INTERNATIONAL) PTY LTD
REGNAN - GOVERNANCE RESEARCH AND ENGAGEMENT PTY LTD
DOWNER EDI LIMITED - ASX DOW
AUSTRALIAN FOUNDATION INVESTMENT COMPANY LIMITED - ASX AFI
STOCKLAND - ASX SGP
AUSTRALIAN COUNCIL OF SUPERANNUATION INVESTORS INCORPORATED


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By Patrick Durkin

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