Corporate Law Economic Reform Program (Audit Reform and Corporate Disclosure) Act 2004 (103 of 2004)
Schedule 5 Remuneration of directors and executives
Corporations Act 2001
7 At the end of section 250R
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.
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
