Skellerup versus the biggest global proxy advisor

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
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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