The Future Fund has revealed it lodged protest votes over executive pay at companies including ASX Ltd, Woodside, Nine Entertainment, Mineral Resources and Star Entertainment last year as it continues to keep a close eye on pay practices across corporate Australia.

However, the $252 billion fund steered clear of a few high-profile investor backlashes over executive pay in the latest financial year.

It did not vote against the remuneration reports of CSL and ANZ Bank, both of which copped a “first strike” – in which more than 25 per cent of shareholders vote against the pay packet of a company’s senior executives – at their latest annual meetings.

The Future Fund is a taxpayer-owned pot of money that is invested in markets around the world, including in the ASX, in which it holds stakes

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