Durectors of Valad Property Group are expected to come under pressure this week over their remuneration report, as annual meeting season gets under way in earnest.
Valad's report is expected to spark a backlash because institutional investment adviser Corporate Governance International says it lacks adequate performance hurdles in proposing to issue 2 million options at a strike price of $1.
The options, valued at $261,423 in the company's annual report, were issued to executive chairman Stephen Day, managing director Peter Hurley and Valad co-founder Barry Wynne. Payment of consulting fees to non-executive directors is also under fire.
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