TPG board avoids second strike and spill

TPG executive chairman David Teoh has hailed profit growth in the face of a potential second strike. (AAP)

TPG looks to have avoided a second strike and the threat of a board spill after a 94% of proxy votes were cast in favour of its remuneration report.

TPG looks to have avoided a second strike and the threat of a board spill after a large majority of proxy votes were cast in favour of its remuneration report.

TPG says nearly 94 per cent of proxy votes were cast in favour of the report, which was up for approval at its annual general meeting on Wednesday.

Shareholders delivered a first strike against TPG last year and the Australian Shareholders' Association had said it would vote for a board spill this year in an attempt to force the company to introduce new blood.

Source AAP

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