Minority shareholders have a devil of a time in effecting any influence on a listed company. AGM voting is a key opportunity to attempt to do so, though inherently difficult where Institutions or others control a large percentage of stock.
From the perspective of a minority shareholder, the most significant resolution a board is compelled to make is that of the Remuneration Report. Why so? Because this resolution requires 75% support. Therefore the burden of 'winning' is substantially higher for the company (and by extension, lower for shareholders).
The Remuneration Report vote can be used as a proxy opportunity for minority shareholders to exercise real and substantial change. A strike (loss) in 2 consecutive years results in an automatic spill motion of the entire board.
If this is an outcome you would like, then in my opinion, the best opportunity to create such a situation is to target the Remuneration Report vote at the AGM and make them aware that this vote is being used as a proxy for an agenda of change at the board level.
- Forums
- ASX - By Stock
- ADO
- Ann: Notice of Annual General Meeting/Proxy Form
Ann: Notice of Annual General Meeting/Proxy Form, page-13
-
- There are more pages in this discussion • 32 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ADO (ASX) to my watchlist
|
|||||
Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.90M |
Open | High | Low | Value | Volume |
1.9¢ | 1.9¢ | 1.9¢ | $2.549K | 134.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 1008341 | 1.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 639726 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 1008341 | 0.019 |
13 | 2515162 | 0.018 |
5 | 807891 | 0.017 |
5 | 1629529 | 0.016 |
7 | 1203869 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 639726 | 4 |
0.021 | 381081 | 5 |
0.022 | 5000 | 1 |
0.023 | 420000 | 2 |
0.024 | 164509 | 3 |
Last trade - 12.17pm 12/08/2024 (20 minute delay) ? |
Featured News
ADO (ASX) Chart |