Challenge to Xero remuneration almost succeeds at AGM
The company insists it needs to pay global rates for global talent.
Xero chief executive Sukhinder Singh Cassidy.
New Zealand-founded and ASX-listed accounting software provider Xero has stared down a shareholder challenge to its executive remuneration and defended the A$23.5m ($25.9m) package paid to US-based chief executive Sukhinder Singh Cassidy.
At the company’s annual general meeting today, 48.74% of
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