Originally Posted by
Sir Ten
"SkyCity chair Rob Campbell blames lazy proxy advisers for vote backlash"
- Campbell had 91.3 million shares or 16.76% of the vote directed against his re-election last week
- Votes against were due to proxy adviser recommendations
- Campbell states these proxy advisers don't speak to management and it's just formulaic "box-ticking"
- Proxy advisers claimed he is potentially too stretched across multiple directorships to be effective
- Campbell claims he doesn't play golf or sail boats or do anything else to chew up his time like a lot of other directors
- NZSA voted in favour of his re-appointment despite policy that directors shouldn't have more than 5 directorship
Gist of the comments section (around 15 of them)
- Rob spends too much time on LinkedIn and other social media pontificating
- He is hypocritical taking the wage subsidy given his broader virtue signaling social media posts
- One comment suggesting a blanket rule on number of directorships are rubbish
- Comment that proxy voters are actually quite well informed and Rob just doesn't like the advice
...and it appears Rob himself has replied in the comments:
- If you don't like my posts block them
- I have 29,000 connections
- Comments on the underlying business performance across his directorships are not well informed - albeit THL is suffering due to Covid (i.e. out of his control)