23% NO vote means 'listen'

Having burnt all the goodwill there was from smaller holders after failing to involve any in their various placements, options issues and nod and wink knowledge of key milestones it is nice to know that another two percent on that NO vote from engaged smaller shareholders would represent 25% ... Gee that renumeration report vote could get interesting if the wealth is not shared.

Time to perform

----
The ‘two-strikes’ law is designed to hold directors accountable for executive salaries and bonuses. It means an entire company board can face re-election if shareholders disagree with how much executives are being paid. The law is an amendment to the Corporations Act and came into effect on July 1, 2011.

FIRST STRIKE
The ‘first strike’ occurs when a company’s remuneration report — which outlines each director’s individual salary and bonus — receives a ‘no’ vote of 25 per cent or more by shareholders at the company’s annual general meeting.
SECOND STRIKE
The ‘second strike’ occurs when a company’s subsequent remuneration report also receives a ‘no’ vote of 25 per cent or more.