Sorry if I'm being dense here, but if Rivas was CEO, what...

Sorry if I'm being dense here, but if Rivas was CEO, what difference does it make if he is appointed managing director (does it give him a seat on the board)?

Also given the AGM tomorrow, does anyone have a sense of whether there is precedent for shareholders to reject a board recommendation (arguably most people will not fill in their proxy forms so by default the board get to direct their votes.....Lev would have to talk to a lot of institutions to get them to align to him which to me seems a huge uphill battle)