IDEA BEHIND THE LAW The reform is intended to provide an...

IDEA BEHIND THE LAW
The reform is intended to provide an additional level of accountability for directors and increased transparency for shareholders. Where a company receives significant ‘no’ votes on its remuneration report over two consecutive years, and has not adequately addressed concerns raised by shareholders, it is appropriate for the board to be held accountable through a re-election process.

Source:http://www.smh.com.au/business/agm-season/what-is-the-twostrikes-rule-20121008-278us.html


I wonder if EGO's leopard can change its spots?
Even Kit seems to be realizing the spots are never going to drop off EGO's leopard.

Accountability? What does it mean?
Transparency for shareholders? We have always done that.

Just one example and something really easy for them to address for both accountability and transparency. The 33 meetings what were they for and was anything achieved and how much did they cost the company?