They only make recommendations about the advisors meeting with the company when further clarity is needed.
They also state that under existing law:
“Proxy advisers are also subject to s1041H of the Corporations Act which states that a person must not engage in conduct, in relation to a financial product or a financial service, that is misleading or deceptive or is likely to mislead or deceive.”
It appears the OM has not followed their own policies on page 11, in particular with regard to meeting with the company and providing a copy of the report to the company.
I regard the disclosure in the OM report as a standard legal term to protect themselves against any possible legal action.
ISX Price at posting:
$1.07 Sentiment: Buy Disclosure: Held
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