YOW 0.00% 2.5¢ yowie group ltd

that would be the Conditional Resolution. if a 2nd Strike...

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  1. 6,942 Posts.
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    that would be the Conditional Resolution.
    if a 2nd Strike results from the vote on the Remuneration Report, then the Board has to put a resolution to the meeting, as to whether the s/h and meeting want to vote for a Board spill.
    so if YOW gets a 2nd vote against the Remuneration Report of 25% Against or more, then the Board must get s/h to vote on a resolution which calls for all directors to stand for re-election (except the M/D).
    That's vote requires a majority of 50% to be carried.
    So if Res 9 is not carried then board remains.
    IF remuneration report does not get the 25% against, then that Res 9 is not put to meeting.
 
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