Primary Health Care has escaped a second strike from shareholders over is executive pay policies.
Chairman Rob Ferguson told shareholders at the medical centre operator's annual meeting that Primary's board had listened to investor concerns about pay.
Remuneration pay policies had improved since more than 25 per cent of investors delivered the company a "first strike" by voting against the packages at the 2014 annual meeting, he said.
The raft of changes included the introduction of tougher performance hurdles and new ways of awarding short-and-long term incentives.
Packages for senior executives had also been benchmarked to a peer group to improve alignment with the performance of the company, which also owns pathology and imaging businesses.
"Your board will continue to improve its remuneration framework and build alignment between the business and the remuneration of the senior executives who are tasked with achieving important outcomes in an increasingly complex healthcare environment," Mr Ferguson said.
Investors appeared satisfied and voted through the company's latest remuneration package during Thursday's meeting.
Mr Ferguson also tried to reassure investors about Primary's share price, which has dropped 42 per cent since March.
He described the falls as disappointing and said Primary was focused on improving its short-term results and controlling costs.
Primary's shares suffered their latest hit a week ago when the company downgraded its profit forecasts for fiscal 2016.
Chief executive Peter Gregg reiterated to shareholders that Primary's underlying earnings and profits were expected to fall five per cent in 2015/16.
Net profit is expected to be flat, with revenues and margins under pressure.
Primary in August reported a 19.1 per cent rise in net profit to $136.5 million for 2014/15, with the result bolstered by a settlement with the Australian Tax Office.
Underlying net profit was 3.9 per cent higher at $119.1 million, while underlying earnings were flat at $400.5 million.
Primary's shares were seven cents higher at $3.25.
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