Where's my vote

I’ve been waiting for the AR to come out and for me to spend my sat morning
coffee time chewing it over and I was hoping for some good news because this was a
bit of an impulse investment. 15 months on, and I must say I am concerned. I
didn't even finish my coffee. And its not just about the cash burn or direction the company is
going in but also the many related party transactions that always crops up each
quarter. I'm not one to question "wiser heads" but why are these transactions
never put in front of shareholders to vote on or even explained. What are they
trying to hide?

Now that I have had good read of the AR, I’m surprised that no one’s questioned
the size of the CEO's pay packet and the fact that the $370K he gets from the
company every 12 months is more than 5% of the company’s total equity (which
was $3.39M at 30/6/16). Someone correct me if I am wrong, but every company
I been a shareholder in where they pay a director, a CEO or a substantial
shareholder any amount of money even remotely approaching that 5% mark will put it to
shareholders and table an expert report about why its in the shareholders
interests and provide a comparison. How is it that these guys can pay over 10% of total equity to a
major shareholder (who holds around 20%) without putting it to a vote? I don’t know much
about the corporations law but I'm sure that there is a listing rule that deals with
these things. Does anyone know which listing rule it is and is there something in
the law that also prevents this?

I wonder if this same thing is happening in the other related companies which
are draining shareholder money. Is shareholder money being used to strip out
equity there too?