Karoon Energy suffers ‘first strike’ as activists land a blow

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More than 26.25 per cent of proxy votes were cast against its executive pay regime ahead of the company’s annual general meeting in Melbourne on Thursday.

Activist shareholders have inflicted a hit on Karoon Energy’s board as investors voted down the oil and gas producer’s remuneration report at the company’s annual general meeting in Melbourne on Thursday.

Street Talk first reported that more than 26.25 per cent of proxy votes were cast against its executive pay regime ahead of the meeting. 73.2 per cent of proxies voted for the resolution.has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.is a co-editor of the Street Talk column.

 

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