Wow,
May be this is new (I haven't seen it before in other AGM resolutions), but the fact that the Conditional Spill Resolution - 7 is included, suggest to me that management are preparing for the Remuneration Report to be voted down (Resolution 1).I'm not keen on Resolution 3 - until we know who the other NEDs are, increasing the Director fees from $100K to $500k seems like a way for management to get more $ for more cronies, but I understand this is a bit of a chicken and egg scenario here.
Resolution 5 - I'm never keen on allowing an additional 10% shares to be issued (the annual allowance is 15%, so this is an additional 10% on top of the 15% that companies are allowed to issue without SH approval). I always think it better to have an EGM and gain SH approval for any extra share allocation.
Just my quick views/opinion.
Wow,May be this is new (I haven't seen it before in other AGM...
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