Shareholders of Australian casino operator Crown Resorts Ltd voted against the company's executive pay report on Thursday, according to proxies displayed at the annual general meeting.
Owners of 34.33% of the company's shares voted against a resolution to adopt the company's remuneration report, according to a slide of proxy votes displayed at the virtual meeting, more than the 25% required to count as a vote against.
Under Australia's "two strike" rule, if shareholders vote against a company's remuneration report for two years in a row, they are allowed to call for a new resolution to remove the entire board.
(Reporting by Byron Kaye; Editing by Kim Coghill)
