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13:07
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Originally posted by Oversee
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It depends on what happens at the meeting. The first step for a vote to be taken at a meeting is on the show of hands. For a show of hands vote, each member present has 1 vote only and so a show of hands does not usually reflect shareholder intent indicated by proxy votes. If there are only a certain number of people at the meeting and they vote on the hands, then the outcome of the vote will be based on the hands counted unless a poll is demanded. It is not uncommon for companies to stack a meeting with shareholders holding only a small percentage of the shares on issue and pass resolutions on the show of hands.
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Thanks for the quick response To be clear the poll would be based on voters in the room hence the need for the proxies or are all votes then counted bringing true shareholder interest to be observed. Cheers Al
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