First Strike, page-2

This will go down in  Australian corporate history as possibly the biggest vote against a Remuneration Report. Over 73.5% of shareholders opposed  the Remuneration Report.

Shareholders are furious and rightly so

Time for management to lift its game big time and treat its shareholders with the respect they deserve.

As a bare minimum EGL Board and management must

• Promote a dividend policy of not less than 50% payout
• Implement an effective investor relations program

• Appoint a sharebroker to follow, research and support the Company
• Renew its Board by appointing directors with extensive ASX listed public company experience

I only hope that the CBA does not withdraw EGL's banking facilities given the shareholders absolute rejection of Board and management.

IMO & DYOR