I thought that Mike Cannon-Brooke would have spoken to the board to update the panels AGM presentations by modernising AGM’s which would still present a perceived fairer system.
It appears that MCB possibly supports the lack of use, of the functionality afforded by this technology which would put the Board and Management at equal footing to all stakeholders!
Everyone would be kept in the dark until an AGM is held! As an example, is there any need for a company board and management to be regularly updated with incoming resolution's proxy votes?
The only reason for a board being kept updated for incoming proxies is possibly only for merger and acquisition reasons.
The current legacy AGM was probably acceptable in the past only for presentation purposes
The only reason for not changing is for manipulative advantage and it gives legal mischievous powers!
AGL Price at posting:
$11.84 Sentiment: Hold Disclosure: Held
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