AGM's provide good insights of where a Company's focus & priorities are at. On 29 Oct 2014 AGO will hold their AGM with over 90% of the agenda focused on Remuneration, share rights, short & long performance rights & rules. Predominately, these apply to exec's. The other resolution being sought is the adoption of Proportional Takeover Provisions. Will shareholders send a clear message to the Board by rejecting the Rem Report? The 2 Strike rule is possible if 25% of the vote is against the Rem Report. Quite possible as AGO continues to languish on the stage of the ASX listed Companies clearly its financially challenged. Perhaps some proactive financial streamlining at the executive level will be well received by Shareholders!
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- Will the 2 Strike Rule prevail at the AGM?
Will the 2 Strike Rule prevail at the AGM?
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