Sugar coat the "first strike" all you want. It is really:
- 3 strikes in a row
- 4 strikes out of the last 5 meetings
- 5 strikes out of the last 7 meetings
- 4 strikes out of 5 since Phil Kearns joined the board
So much for the vote on the remuneration report being there to improve the performance of the board and hold them accountable.
I guess if the major shareholder is happy, the rest of the shareholder base is irrelevant. However, isn't that called "oppression of minorities"?
Time to exit and move on.
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