Althea shareholders have expressed dissatisfaction at the company’s executive pay packets after half voted against the adoption of the firm’s remuneration report and rejected incentive schemes for chief executive Josh Fegan.

The bloody nose inflicted on Althea at the firm’s annual general meeting represented a first strike against the company. Under Australia’s two-strike rule, a similar outcome next year could trigger a spill, leaving the board seeking re-election.

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Steve has reported for a number of consumer and B2B titles over a journalism career spanning more than three decades. He is a regulator contributor to health journal, The Medical Republic, writing on...

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