At the Commonwealth Bank of Australia’s AGM in Perth on 9 November 2016, the bank received a “first strike” when 49 per cent of votes and proxies rejected the remuneration report. Shareholders objected to the introduction of performance measures that would be difficult to measure and quantify. The meeting was disrupted by environmentalists who chanted a slogan “Act on climate, CommBank can”.
Access our investment insights free
Not understanding the financials of even big blue chips can cost you precious income such as when Telstra reduced their dividends.
This is why our hugely popular Income report has become a must read report for all income investors
Download the Income Report for free to get the top ASX Dividend Stock Recommendations for 2018.