http://www.crikey.com.au/2008/12/01/shareholders-apply-the-agm-blowtorch/ now with extra source Sat, 11 Feb 2012 23:09:10 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.crikey.com.au/2008/12/01/shareholders-apply-the-agm-blowtorch/#comment-21365 jenny anne kelly Thu, 01 Jan 1970 10:00:00 +0000 #comment-21365 With respect to all your commentators the whinging about AGM voting entirely misses the point.Any 100 shareholders can still put a Resolution to a vote of members either at an AGM or an extraordinary General Meeting.A special resolution can be passed to change the Company's consitution to require that payment of all management bonuses and remuneration is subject to prior annual approval by shareholders.this sort of constitutional change has already been held by the courts to permissable and appropriate.Most listed companies appoint external agents to act as Returning Officers and count proxies and there does not appear to be real cogent evidence either that votes are deliberately not counted or are lost.I suspect as Stephen Mayne has regularly pointed out the real issue lies in the manner in which the institutional shareholders exercise their voting rights on behalf of the funds they manage.Again not a insurmountable issue if institutions are committed to ensuring that executive pay is truly linked to performance With respect to all your commentators the whinging about AGM voting entirely misses the point.Any 100 shareholders can still put a Resolution to a vote of members either at an AGM or an extraordinary General Meeting.A special resolution can be passed to change the Company’s consitution to require that payment of all management bonuses and remuneration is subject to prior annual approval by shareholders.this sort of constitutional change has already been held by the courts to permissable and appropriate.Most listed companies appoint external agents to act as Returning Officers and count proxies and there does not appear to be real cogent evidence either that votes are deliberately not counted or are lost.I suspect as Stephen Mayne has regularly pointed out the real issue lies in the manner in which the institutional shareholders exercise their voting rights on behalf of the funds they manage.Again not a insurmountable issue if institutions are committed to ensuring that executive pay is truly linked to performance

]]> http://www.crikey.com.au/2008/12/01/shareholders-apply-the-agm-blowtorch/#comment-21366 William Tell Thu, 01 Jan 1970 10:00:00 +0000 #comment-21366 What is a "specter"? What is a “specter”?

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