Boardroom Power Play showdown, page-11

An enquiry made to Security Transfer reveals that a daily report is sent to the company (in the morning, and usually to the Secretary, but sometimes to the CEO) and that the company knows from that report who has voted and whether the vote is for, against or abstaining.

That news surprised me a bit.

So, that being the case, someone in the company knows how the voting is going. The big question here of course: Do the directors get to know!? I think that the answer would be 'yes'. Otherwise the recipient would be in an isolation booth, sworn to secrecy. It's not hard to think how easily that so-called secrecy could be breached. But apart from that, the directors are there to run the company through the CEO, so it should be their right to know.

I know what you are thinking nwad.

The bit of buying activity today could be by one of the combatants, one who is not travelling all that well vote-wise. Right? But wouldn't that mean that the buyer has been informed as to what's going on? Rob Martin is in the thick of things. He is both a director and a buyer. He would know. Protocol should therefore permit the others involved to know as well.

It's an interesting situation!