Ann: Notice of Annual General Meeting/Proxy Form, page-50

..so we know there was no logical reason for that negative vote on remuneration .
Was there inside foreknowledge we missed out on one of the big iron contracts? ..punishment for that?
Punishment for something else ?
Punishment  seems a petty reason although I don’t imagine that would stop a banker ...
And the environment out there is fraught with fear and loathing ...... RCR is “left  owing is $150 million worth of bonds on issue and as of June about $36m of loans to a syndicate of not just banks but also insurance firms...” https://www.theaustralian.com.au/bu...p/news-story/41ecd71571186b255c8b27ac678e9b02
Plus Lendlease etc in the sector .... plus the whole general market.....
Plus the Royal Commission (if it was a bank)

Here’s a paste of Wall Street Journal’s  analysis of funds  and institutions currently holding NRW if anyone wants to play point the finger although I din’t know how correct it is .
(May be also interesting to see who s lurking ?)
https://quotes.wsj.com/AU/XASX/NWH/company-people



And substantial holders at end of FY18
From Annual Report https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYD4wq+zBaZruBxke92GA==