I think that Treasury is to blame for writing the Corp Act…ASIC just interprets the act and only what is not allowed In act.
As example, one would have thought that when the Corp Act was updated to allow online AGM meetings and voting the default would have been the hybrid AGM.
Guess what, not so, even when most of the submissions to treasury, mentioned that the minimum standard needs to be the Hybrid AGM.
Hybrid AGM’s are basically are held due to the goodwill of the board and CEO’s of a company.
‘Shareholders don’t have the protection of previous legacy Corp act on AGM being held prior to Covid….there is no mention in the Corp Act for medical reason to abandon hybrid AGM’s!
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I think that Treasury is to blame for writing the Corp Act…ASIC...
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