The two-strikes law came into effect on July 1, 2011 and provides shareholders the power to vote against executive pay.
If 25 per cent or more of VOTES CAST at two consecutive annual meetings oppose the adoption of a remuneration report, then the company must formally respond by asking all board members EXCEPT the managing director to stand for re-election within 90 days.
Also video of AGM on website ( News and events.)
Cheers IFINO
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