It would appear that the audit extension has provided an opportunity to defer ratification of the remuneration report. This reprieve delays the opportunity for shareholders to trigger a potential spill resolution under the two strikes rule under section 250V of the Corporations Act 2001 were shareholders to seek to hold the Board and management accountable for the erosion of substantial shareholder value and largely unmitigated exposure to significant business risk through poor governance, management and stewardship..
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