Ontex Group's Remuneration Report Voted Down For The Fourth Consecutive Year

Ontex Group's remuneration report has been voted down by its shareholders for the fourth consecutive year. So, what is it about Ontex's CEO compensation strategy that rubs shareholders up the wrong way?

Ontex trades on the Belgium stock market and operates in the sector of disposable personal hygiene solutions for baby, feminine and adult care. It manufactures and sells its products throughout Western Europe, Eastern Europe, the Americas, and has a general global presence.

Since Ontex's introduction on the stock market in 2014, shareholders have been unconvinced about the company's remuneration practices. In 2015 at the company's first Annual General Meeting since being listed, 10 % of its shareholders voted against the remuneration report.