The apathy came about due to the Corp Act not delineating a voting difference for listed public company from other entities
After a awhile ordinary shareholders simply give up bothering to vote because the big end off town dictate the outcome’s Poll voting is the cause of apathy and unless a new way of voting comes into fruition, nothing is going to change
The ASA thought that they could counter some off this behaviour acting as the representative for the mum and investors.
Research by the two larger registry companies state that only 4- 5% of these eligible voter actually vote and the majority these votes from this low percentage base comes from the T20.
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