Month ahead in AGMs: December 2015

Kym Sheehan

The Executive Remuneration Reporter

With the main AGM season almost over (Monday 30 November features several two-strike AGMs), I take a look at key AGMs scheduled for December 2015. Three of the big four banks hold AGMs this month. ANZ's AGM agenda features two shareholder-requisitioned resolutions: one on climate change which is an ordinary resolution. The other resolution seeks to amend the constitution to give shareholders in general meeting the right to express an opinion or request information on the exercise of a power partially or fully vested in the Directors. Ten Network's AGM agenda features an ASX Listing Rule 7.1 resolution to approve Foxtel taking up shortfall shares following the capital raising. It's a strategic choice to move this resolution rather than an ASX Listing Rule 7.4 resolution to ratify the initial placement to Foxtel. Elders' 2015 AGM features a special resolution to amend the constitution, including a reduction in the maximum number of directors on the Board from 12 to 8. You can read more about December's AGMs at this (VIEW LINK)


Kym Sheehan
Kym Sheehan
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.

Comments

Sign In or Join Free to comment