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Directors, page-10

  1. 217 Posts.
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    Good background.

    I realise they can squirm and obsfucate, but does not Corp law require them to make the share register available for inspection in hard copy for no fee or to provide a copy for a fee(regulated at 50c / page or 100 words)? or electronic form for a 'reasonable cost recovery' amount. Have no idea of what a 'reasonable' fee is, but if they want an xcessive amount, is there anything prohibiting one from making a nice photo of each page (think James Bond) and let text recogition software do the rest. There cant me that many pages to the registry.

    Looking at the distribution of shareholder holdings, the number of shareholders is not that onerous at about 2300 or 1600 odd if one omits those who hold less than 10k shares which amounts to about 4% of the shares.

    Also, is my understnding correct in that:
    For the 'second strike' on the remuneration report the directors & related parties are excluded from voting as they are on the spill motion, but when it comes to the following meeting to elect directors, they are no longer excluded and if they have enough voting clout &/or related party mates, can get themselves re-elected themselves again ( for shareholders)

    Any comments please from those who know.
 
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