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Bloomberg
Steinhoff International Holdings shareholders voiced their frustration with scandal-hit retailer by voting against proposed changes to director pay policies and rejecting financial statements for last year.
Investors logged into the South African company’s virtual annual meeting and protested against the extent of fees paid to various advisers, some related to a deal the retailer reached with creditors to skip debt repayments following the group’s late-2017 accounting crisis.
The owner of the Pep clothing chain and Poundland in the UK was also questioned on whether it can finalise a proposed $1 billion settlement to resolve more than $8 billion of legal claims lodged against the company.