What is the motive for the Board and Executive team for not utilising the capabilities of technology for AGM presentation? If the tech capabilities were included, the voting results would appear closer aligned to a Federal or State election.
Also, there would be no need for the board and management to be kept updated on the incoming proxy/direct votes by a registry company as an excuse to draw up the presentation for AGM display purposes. I was informed that these updated start coming in to a company a month before hand, giving them capabilities to monitor voting trends. It then opens up the opportunity for mischievous behaviours because from my understanding that there is no legal constraint preventing the board or management to get in contact the T20 and argue to alter their voting elections.
From my technology understanding, a member of a registry company can sit with the panel and interface by displaying the voting results after each resolution.
Such an approach would improve transparency and eliminate the questionable reputation of a company leadership team.
It would also mean that the Board and the Executive team, including the attendees at the AGM would know the results instantly and at the same time as the sitting panel. We could then view the animated reactions as to voting results!
The Institute of Directors pull all sorts of dirty tactics to force reticent shareholders to force them onto internet!
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(20min delay)