Xerof
Flaming 1967
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IF director nominations for the three clowns are still in effect at 2023 AGM, then 2 positions can be contested - Clarke and Johnson were last elected/re-elected in 2020, and will be required to put themselves forward again (assuming they want to).
In hindsight, rather foolishly, we voted Hugelips back in in 2021, but then the shareholder revolt threat in 2022 saw him off, and then Brans was voted back in in 2022
Our constitution says AVZ can have up to 9 directors, including MD (who is not required to stand for re-election), but I can see no need for the clowns - we don't need a circus, and we don't want to replace "the best BoD on the ASX", eh @geo_au![]()
So, with the appointment of our 2 new AB FAB highly experienced and relevant Directors by the current BoD, the AGM resolutions change only slightly.
We will be asked to CONFIRM the 2 new Appointees. Shareholders need to actively vote YES There will be a body of votes who will vote NO, guess where that might come from? Bin Votin
By the way, those inferring it's possible to have a BoD of 9, if three clowns get voted in, is incorrect. We haven't passed an ordinary resolution to increase the number of directors, so it must stay at (now) 6. The BoD can APPOINT new directors, as they have done, to be confirmed at the next AGM by shareholders
We also haven't passed an ordinary resolution to change the process for rotation of directors, so only 2 positions are up for grabs
I said above, Clarke and Johnson will required to put themselves up, possibly against 3 clowns, but their tide is ebbing quite quickly I think.
Good luck with that you fucking clowns
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