CSL (ASX:CSL) said that 42.30% of the votes cast at its annual general meeting on Tuesday were cast against the firm's remuneration report, delivering a second strike, according to a same-day Australian bourse filing.

However, the subsequent conditional board spill resolution received just 1.95% votes in its favor and was not carried.

Over 25% of a firm's shareholders are required to vote against its remuneration report to trigger the first strike. At the next year's annual general meeting, if over 25% of its shareholders again vote against the remuneration report, the company receives another strike, and its shareholders are required to immediately vote on whether to hold a spill meeting to replace the board.

CSL received its first strike in the 2024 financial year.