Woodside Chair Richard Goyder is under pressure to retain his board seat when his position is put up to vote at tomorrow’s annual general meeting.
The oil and gas giant’s climate plan is also expected to receive a heavy protest vote.
Australia’s second largest superannuation fund, Aware Super, owns about 1 per cent of the shares in Woodside, and is voting against Mr Goyder, and the climate strategy.
“We have about a little over one per cent of Woodside shares on issue and the reason for us voting against the re-election of the Chair has really been driven by a long-term engagement with the company,” says Aware Super CEO Damien Graham.
Aware Super opposes re-election of Woodside Chair Richard Goyder
“We’ve been engaging with them for a number of years around their climate transition and the plans they need to have in place and we just feel that they haven’t made as much progress as they should.”
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