Ann: 2016 AGM Presentation-PAC.AX, page-8

jCoure its just embarassing for them, thats all. The idea is that directors are so arrogant that the thought of being spilled (and then reconvened after process) is humiliating for their friends are the club. I've worked with a few boards up close before and after the rule change, and I can say that the ones I saw were very worried about it and engaged shareholders to make sure they got their votes. The irony is they probably spent as long and as many resources focusing on getting the votes at the AGM as they do attending the 4 meetings each year and going through those motions, so its a double edged sword

As for this mob, too many chiefs, not enough indians. Curious how they can't make money. Actually strike that, with that many chiefs and fat pay packets its relying on a 1 i 20 year where one of their managers delivers a whopper bonus through to them.