Mircat thinks 1 shareholder = 1 vote (basically socialism) is also spreading nationalistic miss-information . Socialism in the past never facilitated private entities! There are many business structure where the wealthy can base their votes on their financial input!
A listed public company started off similar to a Co-Op…Note the world, "Public"…ur reward is based on ur financial input not double dipping on voting rights.
A listed Public company used to vote on show "Off Hands" … one vote per attendee. This concept should be updated so that each shareholder is given one vote if they cant attend the AGM by use the Chairman as their proxy.
The in power govt, has always succumb to the wishes of the business community and abetted by facilitating the bias towards the big end off town in drafting the Corp Act.
One of the prime reasons for switching to,"Poll Voting" was too counter activism from the peasant(retail) shareholders. Now the opposite group have become activists or antagonists.
In the past the Custodian's and Nominee's companies basically simply made suggestions to the BOD and simply stuck to administering their clients shareholding’s.
The secondary bonus to switching to this mode of voting is that the BOD and Management team have greater control of achieving their rewards from the T20 group. A good percentage in the T20 have to meet similar criteria to achieve their bonus.
The poll voting system has basically guaranteed and upward spiralling circle-jerk!
Its kind of funny you want consider the total pollution of a country without considering the number of people living there.
Then the Climate activists are BS to us!
The message is that we need to rush into unknown long term consequences by alternative technology as the world is in a dire strait…if that is the case for the earth…u would think that the greatest total polluter’s should sacrifice their life style to save the world.
This messaging is simply sending a message that the Australians population is being deceived and we should progress at a slower pace not to do other environmental destruction thru rushed technology!
Once again, the petrol car was an environmental and health solution to cities life style…will we make the same mistake because some wants to make quick buck!
AGL Price at posting:
$6.83 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)