@Yowie21 @spid81 & other FGR Holders.
Guys,
Being a relative newcomer to the SM and not an ASX Company voter before; I have some questions on the forthcoming FGR AGM for November 2018.
As FGR Executive are on their 'Second Strike' this forthcoming 2018 AGM;
If a second strike is recorded in Nov. 2018;
I believe that a 50% or higher vote at the meeting can enforce a 'Board Spill'.
Thereby seeking we FGR Shareholders to vote on a 'New Board'.
My questions are;
1/ If the 2018 FGR AGM does vote a 'Second strike'.
Do we actually have to be 'physically present' at the AGM to vote upon a Board spill or will this be listed as an option on the AGM Proxy Form to 'tick' as we see fit prior to the AGM.
And; As I believe the 'then' sitting MD is exempt from the 'spill' vote ~ I assume~ To give the 90 days or so thereafter to formalise the 'New Board' & thus to 'operate' the business.
2/ How does the sitting MD actually ~ 'Get Replaced'.
These are probably 'silly' questions to the SM experienced ~ Though I find I difficult to get a firm answer elsewhere & have thus posted here.
Also;
Given that a 'Spill' may apparently drop SP, be time consuming & expensive & at times initially lesson company productivity or other detrimental concerns.
And seemingly given that some shareholders think it is their only recourse to effect Executive change for whatever their reason may be.
3/ Isn't it also possible for us ~ FGR shareholders to simply ~ 'Requisition' an FGR Board meeting to pursue a new Board (outside the AGM timetable) ~ Basically at Any Time.
a/ And if so ~ How does one get 'The Ball Rolling' on such a 'Requisition'.
b/ And how does one Gauge & Gain FGR Shareholder Consensus for such a step.
I appreciate you help in understanding these questions.
I.
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