G'day all, If anyone can help on this I would be interested to hear. This is how it was explained to me however I just can't believe it. A mate went to a shareholder meeting and had already voted by proxy (as did I), upon entering the meeting he was asked if he wanted his proxy vote to still stand, he said yes not realising the consequences. The vote on the ceo's salary was the following. 30 people voting at meeting 16 for , 14 against and got up. It was explained that they only look at proxy votes if at the meeting it was even, ie 15/15 even if all the proxy votes were against the pay rise, eg you could have millions of shareholder votes against a motion but if at the meeting it gets up by 1 vote out of 30 people the motion stands. Surely this cant be true.
