Telstra’s board has been given an almighty whack by shareholders, with more than 66 percent of them casting a non-binding vote against the company’s poorly disclosed remuneration report, writes Adam Schwab.
Macek
Non-executive director fees: what is reasonable?
Telstra’s remuneration committee chairman, Charles Macek, claims that several factors make the recent increases in non-executive director fees reasonable. The only problem with Macek’s reasoning is that it bears little resemblance to reality, writes Adam Schwab.
