How come she is prepared to standup for the major off shareholders, while the wimpy male deserted the majority of AGL shareholder’s.
Australia's biggest electricity generator AGL Energy is standing firm as activist shareholder Mike Cannon-Brookes campaigns for a board overhaul.
We have to continue to have an independent board of directors that represents 100 per cent of the shareholders, and 88 per cent of those are not Grok."
I hope she uses her right to ignore the self interested votes and forces the Custodian and Nominees companies to confirm that whether each off their client shareholders was given the opportunity to vote as individuals or gave a written statement that the administrator can as a proxy voter.
AGL Price at posting:
$6.88 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)