Original article by Perry Williams
The Australian – Page: 13 & 14 : 16-Nov-22

AGL Energy’s shareholders have endorsed the appointment of all four of Grok Ventures’ nominations for the company’s board. Software entrepreneur Mike Cannon-Brookes became AGL’s largest shareholder earlier in 2022 via his private company. AGL will now have a nine-person board of directors, prompting fund management veteran and AGL shareholder Geoff Wilson to suggest that changes to the board are likely. However, AGL chair Patricia McKenzie has ruled out stepping down. Meanwhile, more than 25 per cent of shareholders voted against AGL’s remuneration report, putting the company at risk of a board spill if there is a similar backlash at its 2023 AGM.

CORPORATES
AGL ENERGY LIMITED – ASX AGL, GROK VENTURES