Fortescue shareholders vote against remuneration report

MELBOURNE (Reuters) – Australia’s Fortescue said shareholders did not approve its annual remuneration report at a vote at its annual shareholder meeting on Tuesday.

“Based on the votes received to date on this resolution, Fortescue will receive a first strike for the FY 23 remuneration report,” said Penny Bingham-Hall who is chair of the company’s remuneration committee.

“We acknowledge this feedback, particularly in relation to the special one off payments made in the last financial year.”