CTP central petroleum limited
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If the remuneration report is voted down (>25% against) a second...

  1. psi81
    6,465 Posts.
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    23/10/24
    09:37
    Post #: 76254935
    If the remuneration report is voted down (>25% against) a second time they are required to hold a resolution on spilling the board (vacating all non-executive positions).

    But it requires 50% approval (as opposed to 25% for the second strike) so is a difficult bar to cross. Likely outcome is they will cop a second strike but the spill motion will be rejected.

    Although I suppose we'll see whether the remuneration changes they made (lowering LD's salary etc) have convinced some of the instos to back them.
    CTP Price at posting: 5.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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