The shareholders who carry the most weight aren’t necessarily on the Board of Directors.
And 40-50% of holders are outside of the Top20.
The 90% approval had to have also come from the rank and file, like you and me.
The Top20 could’ve voted against the remuneration package if they were unhappy.
If a holder carries a significant portion of a company, then it stands to logic that his number of shares will equal a certain percentage of voting rights.
How do you know that a Top20 holder wouldn’t have voted against a resolution?
They’re quite obviously happy with what’s going on.
Like 90% of all shareholders.
Unless, you’re advocating that one holder has one vote regardless of his size of holding...
I’m sure you’re not saying that, comrade!
DXB Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
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