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Snooping around Google this morning, I found this:Under the new...

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    Snooping around Google this morning, I found this:

    Under the new law, a '2 strikes' re-election process will apply to the non-binding shareholder vote on the remuneration report. Namely, where a company's remuneration report receives a 'no' vote of 25% or more of all votes cast at two consecutive annual general meetings (that is, '2 strikes'), a resolution (the 'spill resolution') must be put to the second AGM requiring shareholders to vote on whether the company must hold another general meeting (known as the 'spill meeting') to consider spilling the board. If the spill resolution is approved by a simple majority of 50% or more of the eligible votes cast, the 'spill meeting' must be held within 90 days.

    Why wasn't this resolution in the first proxy? It's the law. (came out June 20, 2011) It's Nick Gaston's job. Clerical error? Shouldn't he be up to date with all this? Even I knew this.

    I know how I'm voting at our 'Deferred' agm.
    For those that want to also help put APG on a more successful and fruitful path, send your proxy to [email protected] asap

    Lets make APG great again

    Rickaroonie

 
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