Ann: 2024 Annual Report, page-14

There is no longer any reason for management and the board having the need to be regularly updated on incoming proxy votes.

In the past, it was probably justified for preparing presentations material for AGM meeting. The possible exemption might be for M&A etc.

This would eliminate the dodgy practices of ringing up major shareholders to alter their votes or encourage them to vote if the voting trend goes against the board and management expectations.

With the current technology the board and management would be kept in dark and only find out the result at the AGM meeting.

I made enquires with ComputerShare and Link Market whether they had the capabilities to interface the proxy votes with the company’s resolution screen presentation.
They confirmed it is possible if company chooses to go that way.

What I found when I made such suggestions to Chairman in two companies,.
I sensed a reluctance to extend the usage of the digital capabilities when it involved company presentation at AGM’s.

This would enhance transparency and integrity of the resolution results!

Funny how companies use all form of duress to get shareholders onto the digital platform and the company team are reluctant in losing that manipulative advantage given to them by the legacy format.