Ann: 2022 Annual General Meeting Results, page-6

Yes I'm aware of that…that’s why I call it a pseudo proprietary company.

Historically, Nominees and Custodian companies just sat on the side and in many cases never even bothered to vote. They may have had a quite comment to the BOD about the direction the company was heading.

Poll voting was introduced to protect the BOD from the unsophisticated retail investors that moaned about excessive remuneration policy. It basically gave control to people who own remuneration criteria was similar to those they were voting on.

One of the argument put forward to Treasury as justification to implement poll voting was that wealthy monitored a company investment performance more closely than retail investors.
It now appears retail investors need to monitor the institution and T20 for manipulative self serving behaviour.
Recent events has shown that poll voting is being used as tool to dictate to the BOD and the future company's direction in areas of investment. Basically the majority of shareholders not having an effective say

It about time to revert a listed public company back into hands of democratic voting system….one vote per shareholder.
The listed public company is a rare domain for mum and dad investors and the voting input shouldn’t be on the amount invested.

Ironically, when it comes to a democratic voting it is the business leaders nemesis, the Union movement that has a just system

The wealthy have many avenues or entities were a financial input buys the amount of voting power.

It like the wealthy have this fear that the masses will not agree with them!

Its time to start a lobby group to amend the corrupted Corporation Act, specifically in the section dealing with listed public company

As a example, a recent amendments to the Corp Act on holdings of AGM's…there is no guarantee that a company needs to hold a hybrid AGM.
The T20 can basically dictate that it will be virtual!

No protection for those that have no or lost faith in the security of going digital etc