Nine investors rail against executive pay and biscuit selection

The Sydney Morning Herald · Calum Jaspan · 2026-11-06 04:43 UTC

Shareholders in the country’s largest media company have delivered a protest vote against the company’s executive pay arrangements.

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Shareholders of Australia’s largest media company, Nine Entertainment, have delivered a strike against its remuneration report and chief executive Matt Stanton’s pay, after the company’s share price slumped 30 per cent in the past year.

Company chair Peter Tonagh defended Stanton’s record as chief executive after two influential proxy advisory firms, CGI Glass Lewis and ISS urged investors to vote against the company’s executive pay arrangements, in part because Nine is now a smaller business after selling Domain last year.

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