Aug 27, 2026 – 12.43pmXero chairman David Thodey has conceded that the decision by the accounting software company’s chief executive to sell millions of shares while renegotiating a compensation package was a poor look to investors, and said new measures are in place to avoid it happening again.More than 70 per cent of investors voted against Xero’s new remuneration report at its annual general meeting, a symbolic second consecutive strike for the group which is under scrutiny from investors over chief executive Sukhinder Singh Cassidy’s pay and its long-term strategy.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles