The nitty gritty is: ASX listed companies must put a remuneration report to shareholders at the AGM each year. If 25% of shareholders vote against the remuneration report for two years in a row, then all directors must stand down. (They are able to put themselves up for election again.)
2012 is the second year that this legislation has been in place, so let's see the fireworks begin.
Ann: Notice of General Meeting/Proxy Form , page-26
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