EGM - rationale

All, as we approach the 260,000 marker a couple of you have asked what we would seek from an EGM.

My thoughts were to get to a combined holding were at least we may have a voice, and maybe with a much larger holder get them to the 5% mark, where an EGM could be forced.

Getting consensus is always a very difficult task, and to a large extent would be governed by the significant holder, should they wish to be involved.

Lets use this thread for bouncing around some ideas.

A few of mine:
CEO and other senior staff should NOT be allowed to sell after the AGM, as has been proven they will have access to data that is well into the next reporting period that SH in general do not have. They have two other windows post the half year and full year results where they can sell, and those are close to known data.

I'd like to see options for senior staff vest on a monthly basis, rather than one large amount in one go.

I'd like to see options being vested over a 3-5 year period, with the weighting towards the tail of the period.

I'd like to see restrictions on sales of vested options to be no more than 1/12 of the previous years allocation in any one month.

I'd like to see restrictions on vested options for at least 1 year after termination.