ARN shareholders urged to vote against executive pay, CEO bonus

Nathan Jolly

April 29, 2025 12:03

A major proxy advisor has recommended that shareholders of ARN Media vote against executive pay and a CEO bonus at the company’s annual general meeting next week.

Proxy adviser Institutional Shareholder Services issued a report to its client last week urging them to vote against granting CEO Ciaran Davis performance rights worth north of $860,000, as well as voting against executive pay.

According to Capital Brief, ISS argues a vote against remuneration is warranted because specific earnings targets were not outlined.

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Nathan Jolly

Nathan Jolly is the Features Editor at Mumbrella. He joined the team in July, 2023.