Skellerup versus the biggest global proxy advisor

Institutional Shareholder Services says Skellerup boss David Mair's "substantial" pay rise "could be seen as excessive". (Image: Skellerup)

Rebecca Stevenson

Wed, 08 Nov 2023

Skellerup is at the centre of a corporate governance stoush, with a global institutional advisor raising concerns over uncapped bonuses for its chief executive and his “substantial” pay rise and the independence of its board. Institutional Shareholder Services (ISS) issued a report to its client shareholders before Skellerup held its annual general meeting (AGM) on Oct 25. ISS operates as a proxy house and institutional advisor, giving its shareholder clients, such as Kiwi Wealth and the New Zealand Super Fund, advice on v...

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