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Seven narrowly avoids first strike

Monday, November 12, 2012

WN.com - Business News
Latest headlines from WN Network
Seven narrowly avoids first strike
Nov 13th 2012, 06:25

There was no escaping the recent media industry turmoil even for the owner of Australia’s top rating television network - the Kerry Stokes-controlled Seven West Media. The media group’s board narrowly avoided a black eye at Tuesday’s shareholder meeting after investors almost succeeded in lodging a ‘first strike’ against its remuneration report. Seven West reported that 23.96 per cent of voting shareholders rejected the remuneration report as recommended by the Australian Shareholders Association and proxy advisor...

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