Why is Resolution 1 an Ordinary Resolution requiring 51% of the...

Why is Resolution 1 an Ordinary Resolution requiring 51% of the vote, acceptance of a Remuneration Report requires 75% of the vote.

3.5 ‘Two strikes’ rule. At each AGM, shareholders cast a non-binding vote on the adoption of the Remuneration Report. If more than 26 percent of the votes cast in the non-binding vote are against the adoption of the Remuneration Report, the organisation has a ‘first strike’. If at the AGM immediately following that where the first strike occurred, more than 26 percent of the votes cast in the non-binding vote are,once more, against the adoption of the Remuneration Report, the organisation has a ‘second strike’.Where a second strike against the Remuneration Report is received, a resolution to hold fresh elections for directors at a special meeting is put to vote at the AGM (a spill vote). If successful, the spill vote requires another separate spill meeting to be held within 90 days of the AGM, where the entire board, except for a managing director, is required to resign and seek re-election. A director must receive at least 60 percent of the votes cast to get re-elected.