Feedback for Management, page-18

Back on equity. Who controls the equity majority wins the vote. Thats fair. If it happens to be instos and fundies, well thats their job and we can only hope they do it well.

All I’m suggesting is to extend 'one vote per shareholder' voting system only to any reward resolutions ( salary, LTI and STI).
We currently enjoy this rare privilege voting option, when a company goes through a merger or demerger phase.

Basically nothing else changes, the poll voting methods still continues for these Instos in other areas.
The big end town will still retain their privileges in influencing the strategy and directions of the company, including also who is elected on the board and managing the company.

What are their clients main concerns in the following
The registered holder (often a nominee or custodian);
The investment manager (usually fund managers); and
The beneficial owner (often superannuation or pension fund
it’s the fees and returns, and definitely not how their representatives voted!
So basically the clients have waived their voting rights and its purely the decision of who is managing their investments.
I believe that allocating just one vote to an Instos is valid!

As an example, my recollection is I don’t get a voting option on the remuneration package, when electing member’s in my Super company!

Under poll voting the rewarded one's are the ones who ultimately decide whether their fellow compatriots are worthy of the rewards.

Radicool Views