The law applies to all ASX listed companies.
See 30 Nov, AGM presentation, Item 3, page 29.
Also 3 Dec, Results of meeting, vote details bottom item.
Even though they may get a second strike it will only mean there will be a subsequent vote on the board make up. There's unlikely to be a 50% vote against the current team. It's more a point of credibility I think. It's a definite protest vote by stock holders that they do not believe the current rem package is appropriate for a company bleeding so much cash, and not producing the results.
- Forums
- ASX - By Stock
- UNS
- heading towards 'two strikes'
heading towards 'two strikes', page-4
-
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)