Ann: Havilah Commences Strategic Review , page-8

Not sure about this tahoe, but the executive remuneration probably passed but because it didn't reach the magic 75% mark there was a so-called 'strike' against the board. This has been minimised by the board as an obscure rule, regardless of this having become strike two.

My opinion is that this event along with some of the very astute comments here are finally having an effect on the direction of the company. "Strategic review" very funny.

Background to the Two Strikes Rule
The Two Strikes Rule came into legislative force on 1 July this year.
Two Strikes operates like a “25, 25, 50 rule” – if 25% or more of AGM
votes are cast against the executive remuneration report at two successive
AGMs (ie “two strikes”), then shareholders at the second AGM must
immediately hold a majority vote (50% or more of votes) on a Board
spill motion to determine whether a fresh election of all directors should
occur at an EGM within 90 days. The rule does not apply to the
Managing Director.
Theoretically the Two Strikes rule means the first wave of forced Board
elections could occur during the 2012 AGM season.