AGL defends executive pay

Chief's long-term incentives unaffected by $290 million asset impairments.

AGL Energy's (AGK) remuneration committee has said a decision to factor in asset impairments in short-term but not long-term incentives for chief Michael Fraser is "fair and reasonable", The Australian Financial Review reports.

Proxy advisor Ownership Matters is believed to have opposed the retailers remuneration report at last week's AGM, the newspaper reports.

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