Glass Lewis raised issues on its controversy alert for shareholders of Whitehaven Coal (ASX:WHC) ahead of the coal miner's annual general meeting slated for Oct 30.
The alert is centered on a "vote no" campaign attached to the notice of meeting relating to the company's executive remuneration structure, the environmental, social, and governance (ESG) adviser said.
Glass Lewis believes that the campaign is using the remuneration vote to discourage the company from expanding its coal production, effectively turning it into a "strategy no" campaign.
Aside from the statement, the company bestowed a one-off award outside of its pay structure.
The alert's rationale focuses on a precedent-setting/unique ESG issue and falls under climate change and greenhouse gas emissions and executive pay.
Price (AUD): $7.28, Change: $-0.04, Percent Change: -0.55%
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。