Regardless, going back to the subject of the actual thread, amused observer, how satisfied will those attending the meeting be when the Chairman uses the unallocated proxies to avoid the spill motion. I am sure it is most probably legal, trying to research it and find out but it seems highly irregular for a Chairman to effectively say he will use non-votes and vote them to avoid the spill.
Talk about garotting governance. No wonder there is no Chief Compliance Officer or Chief Risk Officer or Governance Officer and what is the Company Secretary doing? Wasting P&L on the legal fees and legal basis for the Chairman doing that on the spill motion?
ASIC/ ASX, is this allowable?
Prospect of a board spill, page-19
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