The dark side of proxy voting.
"Right now, 70 percent of resolutions are passed on a "show of hands", which effectively excludes proxy votes cast and gives one vote for each shareholder physically present in the meeting. This results in low transparency and disenfranchises institutional shareholders who cannot typically attend meetings. "
https://www.theaustralian.com.au/bu...k=fab278b1dbc416a08efd1f18f73ed34e-1543291797
The prior board despite their flaws would have NEVER stooped this low!
Looks like shareholders have been steamrolled at the AGM for the first time ever in this companies history!?
Seems like another poster's assessment may be on the money.
A total lack of respect for shareholders wishes. Reminds me of the Liberals.
The dark side of proxy voting. "Right now, 70 percent of...
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