It wasn't all smooth sailing at the Macquarie Group AGM. The AFR reports that there was a 15 per cent cast against the executive team's remuneration. While not high enough to count as a first strike, it does represent a sign of growing retail shareholder discontent, directed at the c-suite. The simple fact is that, as the AFR put it, Macquarie Group's pay practices and opaque performance remuneration structure have raised the ire of investors and may prompt a rethink of the company's disclosure to shareholders. New Zealand's first 'green bond' has been launched by International Finance Corporation, a member of the World Bank Group. IFC said the minimum NZ$100 million Green Kauri bond sale would finance private sector investments addressing climate change in emerging markets, such as renewable energy and energy efficiency projects. BNZ is acting as arranger and ANZ Bank and BNZ are joint lead managers on the bond. Harmoney is cutting interest rates for people who borrow money through its website, reports NZ website interest.co. The peer-to-peer lender says from August 3 all new loan applications will be assessed with its "new generation scorecard." Borrower interest rates will drop across Harmoney's risk grades A1-F5 to between 6.99 and 29.99 per cent annually, down from current annual rates ranging between 9.99 and 39.99 per cent. Harmoney says this reflects "the underlying risk and improved ability to price risk", according to interest.co.