It could ... but like all Directors, the Nominee Director
"should act in the best interests of the company to which they are appointed and not in the interests of the nominator. The nominee directors should be aware of conflicts of interests that they have towards the company and loyalties they hold towards their nominators."
quoted directly from Australian Institute of Company Directors
Might be a bit like say Chris Ellison Chair of MinRes putting himself and another nominee on the BoD of Delta Lithium ... now there's what appears to be a conflict of interest (and has hurt SP a lot). Be interesting to see that re-election vote.
and @DoRonRon you'd be wrong again as using the same example as above ... Chris Ellison (and Josh Thurlow) WERE APPOINTED to the BoD of DLI. So follow this if you are able
Aug 22, 2023 DLI PR
Sep 12, 2023 DLI PR Board Changes
And
just like that, without any shareholder vote - it is done.
Any Board Appointed Director so appointed must "retire" and if eliglible put themselves up for re-election at the NEXT AGM ... which for DLI is 27 November and low and behold .... but CE & JT have been busy in between time
- Forums
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- VOTE NO AGM 2023 RESOLUTION 1-5...... NO
It could ... but like all Directors, the Nominee Director"should...
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