ELE 0.00% 0.5¢ elmore ltd

Whats Happening, page-12

  1. 2,114 Posts.
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    With insider votes plus FS votes which I assume were confirmed as part of drafting the resolutions, these resolutions are all likely to pass. Add to that the general apathy of shareholders when it comes to AGM voting and it is likely to get a higher pass mark than is reflective of the overall register sentiment. However, the one place where a minority vote can have impact is with the Resolution 1: Remuneration Report.  If 25% or more of the votes reject this then that is “strike 1”.  If they get a second strike at the next AGM then the entire board is at risk as per ASX (?) rules. The first strike puts the board that they are on notice and need to keep more than 75% of voting shareholders happy with what is being delivered for them. 

    Just saying.  

 
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