Ann: Corporate Governance Statement and Appendix 4G, page-3

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5speed

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07/12/15

22:10

Post #: 16564782
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Originally posted by MahoganyPark ↑

This CG statement is a good step in the right direction to build some investor confidence. IMO

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Disclosure and Departure
The Company has not formalised a communications policy for promoting effective communication with shareholders due to the current circumstances of the Company but this will be rectified once the Company is out of Voluntary Administration and fully functional. However, shareholders are encouraged to participate at general meetings. Shareholders are invited to ask questions at the AGM and key members of management and Board members are available to answer questions during and after the formal business of the AGM. The Company encourages shareholder participation, particularly attendance of the general meetings of the Company. The Company views meetings of shareholders as an important forum for two-way communication between the Company and its shareholders, providing an opportunity for the Company to impart to shareholders a greater understanding of the Company’s business, governance, financial performance and prospects, as well as to discuss areas of concern or interest to the Board and management. Meetings of shareholders also provide an opportunity for shareholders to express their views to the Company’s Board and management about any areas of concern or interest for them.

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Does anyone have any idea when IDC will be out of Voluntary Admin ? or what is required to happen to achieve this ??

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Well, yes, the warm fuzzy shareholder feeling right before the AGM which the timing of is unknown. According to ASIC, they applied and received an extension, whatever that means.

Last edited by 5speed: 07/12/15

IDC Price at posting: 0.6¢ Sentiment: None Disclosure: Held
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Ann: Corporate Governance Statement and Appendix 4G, page-3

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