The law applies to all ASX listed companies.See 30 Nov, AGM...

The law applies to all ASX listed companies.

See 30 Nov, AGM presentation, Item 3, page 29.

Also 3 Dec, Results of meeting, vote details bottom item.


Even though they may get a second strike it will only mean there will be a subsequent vote on the board make up. There's unlikely to be a 50% vote against the current team. It's more a point of credibility I think. It's a definite protest vote by stock holders that they do not believe the current rem package is appropriate for a company bleeding so much cash, and not producing the results.