May 29, 2026 – 5.24pmDroneShield shareholders delivered the company a first strike against its remuneration report at its annual meeting, expressing their continuing anger at the company’s poor corporate governance, which allowed the now former chief executive, chairman and another director to dump $70 million of stock.Almost half of all shareholders voted against the company’s remuneration report, but the majority approved the election of incoming chairman Hamish McLennan.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
DroneShield hit with first strike, McLennan becomes chairman
The company is delivering impressive growth, but shareholders expressed their displeasure over controversial insider share sales that led to an ASIC probe.
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