Tuesday , March 2 2021

First time strike Harvey Norman AGM

Harvey Norman's first strikes against the company's board of directors at a tense annual general meeting where a tense Gerry Harvey criticized the retailer's critics as "completely angry."

The homeware retailer's compensation report was rejected by 50.63 percent of the shareholders, which would trigger the automatic shedding of a board that has not changed since 2007, ie over 25 percent for the first strike.

The representatives of the Australian Shareholders' Association, who took part in the Sydney meeting on Tuesday, were ında provoked lar by Mr. Harvey, after he said the group would vote against the report.

; There are people in this room who think we're fraudsters, ıcı says Harvey. We are not a crook and we are very sorry to think that we are. dol

"There are critics who are angry with you – totally friggen angry."

Harvey Norman's shares fell by 2.66% on Tuesday's 1325 AEDT to $ 3.09 and down 35.1% in March compared to a 20-month high.

Homewares and electricals retailer said that sales at Australian franchisee-run stores were as low as 0.2 percent compared to the previous period.

Similar sales from Harvey Norman stores in New Zealand, Slovenia, Croatia, Ireland, Northern Ireland, Singapore and Malaysia increased by 3.0 percent.

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