My intention of this post is to modernised the procedure on how an AGM is being held to improve transparency and the integrity of a resolution voting result.
Mentioning my preference for snail mail is from a security point of view as a client to a registry company - trend these days is to blame the client for errors or for being hacked. This should cover ur comments about internal operations and I don’t dispute the input of data on their server.
I was also pointing out, some of the tactics management are prepared to force reticent shareholders to go online or dissuade them from voting. If anything, if they manage to discourage participation it improve their chance of getting approval for a resolution.
When it comes to the security side of operation, the robustness of this technology is being nullified into becoming very vulnerable, virtual everyday. Snail mail fraudulent behaviour used to be localised but companies preferences to out source to overseas 3rd party and connectivity has internationalised it.
When it comes to security patches to protect us, in the majority of case theses patches act like a share market terminology, more like a lagging indicator!
A reluctance to upgrade an AGM procedure when this technology capabilities are available to eliminate any suspicious of protecting BOD and management interests should be condoned.
BOQ Price at posting:
$5.50 Sentiment: Hold Disclosure: Held
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