\u2018Best Interests\u2019<\/strong><\/h2>\nThe only surviving director from the previous regime, interim chair Jane Halton, claimed the payments were in the \u201cbest interests of shareholders.\u201d<\/p>\n
\u201cThe board carefully considered each officer\u2019s dismissal arrangements, our legal obligations, and the circumstances around us when these decisions were made, including obtaining advice,\u201d said Halton.<\/p>\n
\u201cIn this regard, the board believes that the decision to pay the dismissal to a former senior management was made in the best interests of shareholders, given the circumstances facing the company.\u201d<\/p>\n
Crown is awaiting the findings of another regulatory inquiry in the state of Victoria. That decision could pull the license on its flagship Melbourne property. A third investigation is underway in Western Australia.<\/p>\n","protected":false},"excerpt":{"rendered":"
Crown Resorts shareholders have voted down the embattled company\u2019s remuneration report. The move, at the company\u2019s virtual AGM Thursday, signified widespread discontent over fat payouts to executives, many of whom have left the company under a cloud. Almost 31 percent of proxy voters rebelled against pay proposal, surpassing the 25 percent threshold for the second […]<\/p>\n","protected":false},"author":36,"featured_media":189595,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,33810],"tags":[],"acf":[],"yoast_head":"\n
Crown Resorts Hit by Shareholder Revolt Over Executive Pay Plan<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n