pay

Transurban (ASX:TCL) shareholders are protesting over the pay for its senior executives after being incited by an adviser to the company’s investors. For the first time, shareholders are able to force non-executive directors to face re-election if 25 percent vote against executive pay consecutively for two years.

The toll road operator is on its fourth year of protest against pay packages, and more than 50 percent of shareholders voted against the company’s remuneration report last year.

BHP Billiton (ASX:BHP) workers at Queensland's Mitsubishi coal mines have agreed to go ahead with industrial action. Up to 4,000 workers could participate in the strike which could happen as early as next week, according to an officer from the Construction Forestry Mining and Energy Union (CFMEU).

Rio Tinto (ASX:RIO) chief executive Tom Albanese's 31 percent pay raise and the company's remuneration report caused bad blood among its shareholders for the second year in a row, said The Australian. Albanese is getting $8.5 million.

Rio Tinto's (ASX:RIO) fifth-largest shareholder, Standard Life Investments, called for a turnover of pay practices and vetoed the remuneration report at the annual meeting. Increased prices of iron ore and other metals caused the mining company's exceptional recovery.