QBE has cleared two major hurdles at its annual general meeting this week: dodging a second strike over its executive pay packets and quashing the motion to phase out its fossil fuel exposure.
The AGM saw 89% of QBE shareholders voting in favour of the insurance giant’s remuneration report, sparing the board from a spill motion had the report reached a 25% rejection for a consecutive year. The report received a whopping 45% rejection last year.
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