If you read the following from the Annual report, you can then easily judge if last year's vote against the remuneration report made any difference in how the board acts and its disclosure to shareholders.
2.2 Remuneration governance
At its Annual General Meeting on 29 November 2022 the Company received a first strike vote of 25.76% against the adoption of its 2022 remuneration report. Feedback received from shareholders was that the objection to the resolution was not specifically related to the remuneration arrangements, but instead investor concern over the decline in the Company’s share price following deferral of the proposed Australian battery anode material facility development, which occurred due to the release in mid-2022 of legislation in the US and Europe on new critical minerals supply chains.
In response to the first strike, the Company has sought to increase its shareholder communications through more regular and detailed ASX updates, periodic reports, presentations and shareholder information sessions. It has also reviewed the composition of the Board and appointed an additional independent non-executive director, Mr Keith Jones, a highly regarded Australian public company director and chairperson, with significant expertise in finance, corporate governance and project development.
I don't think we have seen an increase in shareholder communication, weren't we expecting to see significant news over 2 months and we received no updates.
EGR Price at posting:
20.0¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)