‘Almost double’: Advisor wants mutiny over Nine CEO Matt Stanton’s pay

Nine’s upcoming annual general meeting is likely to be a fiery one, as proxy advisor CGI Glass Lewis advises investors to vote against a proposed remuneration report, after CEO Matt Stanton’s fixed pay almost doubled in less than two years.

First reported by Capital Brief, CGI Glass Lewis issued a recommendation that investors vote down resolutions that would see Stanton financially rewarded at a rate higher than previous CEO Mike Sneesby “despite the company’s weaker earnings performance and challenging trading conditions.”

Stanton was appointed Nine’s CEO in March, after acting in the role since September 2024. He negotiated a $1.6 million fixed salary, plus a maximum of $2.4 million in Nine shares as short-term incentives, with a further $2 million a year in shares on offer as possible long-term incentives.