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Derek Rose

THE TRUTH ABOUT: Treasury wine estates gets first strike over exec pay | History Defined

Treasury Wine Estates China Stephen Mayne Tim Ford

Nearly half of all shareholder votes at TWE's AGM were against its renumeration plan for executives. (James Ross/AAP PHOTOS)

Treasury Wine Estates has received a first strike on its renumeration report after one of the biggest shareholder rebellions in years over management salary.

Around 47 per cent of votes were cast against TWE's renumeration plan after three proxy advisors advised against it, according to discussion at Treasury Wine Estates' annual general meeting in Melbourne on Monday.

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