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Westfield owner hit with AGM protest over executive pay – Sydney Morning Herald

The chief executive of Scentre, the owner and manager of the local Westfield malls, Peter Allen has seen $11 million worth of his pay in long term incentives wiped…

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Scentre Group, the owner and manager of Westfield malls, has suffered a resounding swing against its remuneration report at the groups annual meeting and chief executive Peter Allen has had $11 million wiped off his pay due to the impact on the business from the global pandemic.
Proxy advisers Institutional Shareholder Services (ISS) and CGI Glass Lewis were among those who voted 51 per cent against the remuneration report. It is the first strike for Scentre since its listing in 2014. If the company…

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