Thoughts about MCB Installed Director, page-4

We had the Green activists, is it time to instigate the Corporate Activists?

MCB behaviour should be viewed as the the catalyst for changes to the Corp Act!

If think it time to start looking into the Corp Act that installs not only wealth based director’s - puppet director’s- into a company but historically to ensure or guarantee management and board rewards.

I’m aware that poll voting resulted in votes going against the norm in two companies against the remuneration results.
‘Gerry Harvey research found that more individual shareholder’s favoured his remuneration package compared to the poll voting result from the T20 mob.

‘This was a rare occurrence when u consider in many instances many of the T20 companies face similar criteria and procedures to gain their own rewards. They have an interest in keeping the status quo, not to damage their own reward system!

The poll voting system was designed and abetted by govt to ensure and entrench the extrapolation of rewards to the management team including the boards

I need to applaud MCB agenda in that at this stage, he isn’t using his wealth for the remuneration or increasing the rewards for the management team or the board.

But the poll voting system needs to disappear from public listed companies to negate this poll voting advantage in dictating over retail investors.

The "show off hand’ concept needs to be converted to be acceptable without being physically present at an AGM and being accept either as a direct vote or proxy via printed or electronic format

I have been thinking of another alternative to negate the advantages accorded to the T20 thru the poll voting system!