Mr Cannon-Brookes' private company Grok Ventures has secured four new directors to the board of Australia's biggest power producer.
Four candidates nominated by billionaire Mike Cannon-Brookes' private company, Grok Ventures, have been elected to AGL Energy's board of directors.Four candidates nominated by billionaire Mike Cannon-Brookes' company Grok Ventures will join the AGL board.
Billionaire Mike Cannon-Brookes has won approval from shareholders to install four new directors on AGL Energy's board, settling his long-running tussle to influence the company's future direction. While Mr Twidell had been endorsed by AGL, the company had rejected the other three, citing a lack of relevant experience and skills. However, all of the Grok nominees were supported by other large shareholders, as well as proxy advisers.
She also flagged that AGL is set to receive a "first strike" against executive pay because of some large shareholders voting against it.
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