AGM resolutions - insert or renew the proportional takeover provisions in the company's constitution

Kym Sheehan

The Executive Remuneration Reporter

If you've been following events at Cardno this week, you've probably developed a new sense of appreciation for the importance of proportional takeover provisions in a company's constitution. The resolution to adopt or renew the proportional takeover provisions in the constitution features routinely on AGM meeting agenda. Yes, it includes a lot of boilerplate disclosure. This note explains more about this constitutional resolution (VIEW LINK) We usually recommend shareholders vote for the inclusion of these provisions within a company's constitution. And note: the resolution to include or renew the proportional takeover provisions within the constitution is a special resolution, requiring at least 75% of the votes cast to be for the resolution.


MORE ON



1 stock mentioned

The Executive Remuneration Reporter

With a background in human resources, executive search and corporate law, Kym Sheehan brings unique perspectives on corporate governance and meeting resolutions to her work for The Executive Remuneration Reporter. The Executive Remuneration...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.