Crown Casino is facing a barrage of questions from shareholders at today's annual general meeting over its corporate governance failures. Australia's Crown Resorts has received a 'first strike' against its remuneration report, with more than 34 percent of shareholders voting against the resolution. At Thursday's annual general meeting, Coonan apologised to shareholders for the company's "governance and risk management failings.'' Coonan told shareholders the company is facing adversity like never before, with the inquiry by the liquor and gaming authority raising serious concerns. Crown Resorts also announced it would also end its deals with the private firm of Packer after the agreements were heavily criticized in the inquiry.

Source: The Standard October 22, 2020 07:41 UTC