re: Ann: Notice of Annual General Meeting/Pro...
Votes in by 10AM Tuesday, November 22nd 2011 unless attending COF Annual General Meeting
Resolution 2 – To adopt Remuneration Report Vote: Against
If you can understand and explain simply the remuneration report, please inform other retail shareholders.
Long term incentives is 4+ years not 3.
Page 28 COF Annual report: Payment for performance over a 3 year period is a long term reward (LTR).
Insurance for shareholders : Remuneration retention
Convince listed companies through their chairmen that it is in their best interests for a meaningful portion of executive remuneration to be withheld in equity for up to two years beyond CEO termination, retirement, resignation or redundancy.
With 'skin in the game' for two years after departure some alignment between senior executives and shareholders will be maintained.
Resolution 3a – Mr Stephen Williams Vote: ?
Mr Williams will address shareholders at the annual general meeting before the vote.
Non-executive director since November 2004 (16 years). Former Chairman November 1994 until November 2010.
Other directorships: Chairman of Axiom Mining Ltd since 2010, Non-exec. Director Prime AG Australia Ltd.
Resolution 3b – Dr John Mulcahy Vote: FOR
Dr John Mulcahy will address shareholders at the annual general meeting before the vote.
Non-executive director since September 2009 (2 years). Chairman since November 2010
Other Non-executive directorships: Mirvac Ltd, GWA Holdings Ltd, Guardian of the Future Fund Australia.
Resolution 3c – Mr Charles Jamieson AM Vote: ?
Dr John Mulcahy will address shareholders at the annual general meeting before the vote.
Non-executive director since June 2005 (6 years).
Resolution 4 – Grant of shares under Coffey Reward Share Plan to Mr John Douglas Vote: Against
See explanation under Resolution 2
Resolution 5 – Approval of the Coffey Rewards Share Vote: ?
Has any retail shareholder been offered interest-free limited-recourse loan?
Page 12 Notice of Annual General Meeting / Proxy Form: Loan-shares...under the Plan... funded by way of interest-free limited-recourse loans from the Company
COF Price at posting:
39.0¢ Sentiment: Hold Disclosure: Held
