Australia's largest stock trading and investment forum Australia's #1 stock forum

FFX

Click for more information

0.00%

20.0¢ firefinch limited

Current Directors Performance, page-35

First 35 Last

Share
Profile

Follow
Husky194

207 Posts.

9

28/07/23

06:28

Post #: 69027088
Share

Originally posted by camban ↑

Yes, correct. The chairman (or any proxy you nominate) is bound to vote according to your direction if you give it. They cannot change any voting direction that you have expressly given. And it doesn’t matter who the person is you’ve appointed as your proxy, whether it’s the chairman or not, your directions must be honoured.

Sometimes people will nominate another person (not the meeting chairman) as their proxy with no specific direction on how to vote i.e. leaving it to the proxy’s discretion. Usually this is so you can get them to physically attend the meeting on your behalf because for some reason you cannot, hear all of the details/arguments in person, then make a judgment call for you on which way to cast your votes.

This is not the case though if you’re nominating the chairman of the meeting and directing him/her to vote according to your explicit instruction for each resolution i.e. FOR x6. There is no ability whatsoever for them to change your vote or not count it because they don’t like the direction you’ve lawfully given them.

Expand

Thanks for clarifying that.

FFX Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

OCC

Orthocell shares jump on record revenues from sales of collagen bone repair devices globally

PL3

Patagonia looks to raise $2.15M for South American exploration and development

SRL

Scandium a priority metal for Sunrise as it plans feasibility update at Syerston

SPR

Spartan sniffs 126g/t gold ahead of resource upgrades at WA's Dalgaranga

MSB

Mesoblast resubmits US FDA application for approval of Ryoncil in children with graft vs host disease; shares dip -4%

First 35 Last

Add FFX (ASX) to my watchlist