Shareholders in two of Australia’s biggest listed companies, BHP and CSL, will be hoping to hear of a better outlook amid the pandemic at their annual general meetings on Wednesday.
Most company bosses were reluctant to offer a trading outlook during the recent reporting season as coronavirus infections remained high in Melbourne and most of the world.
Last week’s federal budget however has led to more bullish comments from business leaders.
Shareholders will vote on board appointments and other matters, but the most contentious could be executive pay.
BHP shareholders will decide whether to give chief executive Mike Henry $US6,625,600 ($A9,235,122.35) in company shares for his performance.
At CSL, shareholders will vote whether to issue chief executive Paul Perreault $9,524,069 in company shares for his work.
Investors will also be keen to learn of the biotech’s progress on a COVID-19 vaccine.
CSL and the University of Queensland are developing a vaccine and have a supply deal with the federal government for 51 million doses.
CSL’s meeting will begin at 1000 AEDT, while BHP’s meeting is set for 1700 AEDT.
BHP shares finished Tuesday lower by 0.36 per cent to $36.31.
CSL shares finished higher by 0.53 per cent to $298.23.