Corporate Law Economic Reform Program (Audit Reform and Corporate Disclosure) Act 2004 (103 of 2004)

Schedule 5 Remuneration of directors and executives

Add:

(2) At a listed company's AGM, a resolution that the remuneration report be adopted must be put to the vote.

Note: Under subsection 249L(2), the notice of the AGM must inform members that this resolution will be put at the AGM.

(3) The vote on the resolution is advisory only and does not bind the directors or the company.