Vote No to Nasty Little Share Placements

Spring is the season for horse racing, and in the business community, also the season for annual general meetings at the majority of Australia’s listed companies. It's the time of year shareholders get to review the performance of the board of directors, and are given the opportunity to vote on the election of directors. Most topically for the last few years, shareholders also get to approve or oppose (or express disgust at?) the remuneration reports for executive pay. One that often slips under the radar are the resolutions to approve extra placement capacity by special resolution. It normally looks something...

Spring is the season for horse racing, and in the business community, also the season for annual general meetings at the majority of Australia’s listed companies.

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