One more thing.
It was obvious that Fat Twat's MO at the AGM was two-fold:
1. Seats on the board.
I strongly suspect that they knew that they had failed prior to the meeting.
The feedback from emails, SM, phone calls and Perth restaurants would almost certainly have left them in no doubt.
Nothing they could reasonably say or do on Thursday would have had any effect on the outcome.
They were probably there for other reasons.
2. Cause disruption at any level possible.
Firstly MC and legal team got early seats at the front where they could not possibly be ignored.
PH & TL arrived at the last moment.
PH stood at the back of the centre aisle, puffed out his cheeks and straightened his hair and lapels almost like you see the soldiers at the start of Zulu.
They then sat unobtrusively near the rear.
He was preparing for battle. More importantly, he was being seen preparing for battle.
I joked later that I wasn't sure if MC was nervous, pissed or senile.
On reflection, I think he was a little nervous. He was obviously deemed the least threatening, being an old balding white haired guy. Any physical or verbal reaction to him would be reprehensible. And very reportable.
That is why he was the main man. imo.
So they lost the vote, leaving the last avenue to disruption being to start an altercation.
I missed the very beginning of MC's interaction with Deboss, but do recall somebody behind D being restrained.
All in all, the behaviour of SH was impeccable.
No blue flashing lights or anything for Tommy to misrepresent.
When your enemies are resorting to these sorts of tactics, you know that they know they're running out of bullets.
The remuneration report is a shadow in the background for next year. I abstained in motion 1 but would vote in favour next year.
My question is this:
If BoD do NOT vote themselves any bonuses, shares/ options in the next 12 months, essentially wages remain static, do SH need to vote on remuneration?
I would assume the answer is yes but have next to no knowledge of company law.
Perhaps more knowledgeable posters could help.