Ann: Notice of Annual General Meeting, page-24

Yep. And how many of us have held stock in a failing company that has eventually had a buyout for a penny that came with the recommendation of the directors? The directors walk away with years of good salaries, some money from shares they didn't pay for, and the options get squared up. Companies get away with it because holders don't turn up to agms and question things, and many holders don't vote. Non votes then go in favor of the directors choice. I think thx is one of the more ethical companies, but still have to keep them honest and question everything.