Remuneration Report – 'Two Strike' Rule. ... At the annual general meeting, the shareholders must vote approval or otherwise of the remuneration report. The first strike is when a company's remuneration report receives a 'no' vote of 25 % or more.
18043884 / 96998897 = 18.6%
18.6% is not that far away from 25% - not far from a first strike. Believe me that would cause some cautious concern. I have a feeling the numbers coming in may have been the reason for the special look at us in April announcement to help sway away people voting in no.
A little concern is always good to give the BOD something to think about. Keep them on their toes. Look at elections, which seats are the best - the marginal ones as they are the ones that the parties work hardest for. If your in a safe seat your sitting mp just does not work as hard for you as they should. My long term observations only!
For how much they are getting paid, our BOD and executives should be working their backsides off. LOL
GXY Price at posting:
$1.56 Sentiment: Buy Disclosure: Held
