Myer Holdings Limited 2015 AGM
Myer Holdings 2015 AGM on Friday 20 November 2015 features a resolution relating to the long term incentive grants for new MD/CEO Richard Umbers. The New Myer transformation strategy is highlighted as the rationale for breaking the grant into the Initial Award and the Additional Award. I take a look at this grant in this note (VIEW LINK) As for Bernie Brookes' termination payment: this was noted on 1 September 2015 when the company released its FY2015 results. (VIEW LINK) Shareholders approved a termination benefits resolution at the 2014 AGM...which is why I advise paying attention to when these appear on AGM agenda, particularly if they relate to a named executive director, and not just a termination benefits scheme (although these resolutions also warrant attention).
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With a background in human resources, executive search and corporate law, Kym Sheehan brings unique perspectives on corporate governance and meeting resolutions to her work for The Executive Remuneration Reporter. The Executive Remuneration...
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