CBD, a column in The Sydney Morning Herald's BusinessDay, reported on Friday:
Mirvac Group has come up with what appears to be a cunning plan to silence debate at its annual meeting.
The property group dispatched its invitation for the meeting yesterday, which will be held in Brisbane at 10am on November 11.
One wonders if the shareholders should be able to start discussing the third resolution, the remuneration report, about the one-hour mark, when the nation has a moment's silence for Remembrance Day.
and
The copper explorer Cudeco has found another way, whether intentional or not, to dampen debate at its annual meeting.
Cudeco announced yesterday that it planned to hold its meeting in the easily accessible Cloncurry Shire Hall on November 30.
The company headed by Wayne McCrae usually holds its annual meeting on the Gold Coast. Cudeco has been feeling the heat recently for its tardy release of a hugely disappointing resource update on its Rocklands tenement and decision to buy back a swag of shares before its share plunge.
Unlike the last time it held its annual meeting in Cloncurry, Cudeco is yet to provide a list of local car hire companies, and hotels in Cloncurry and Mount Isa. It previously listed its preferred hotels in Cloncurry as the Wagon Wheel Motel and The Coyote Inn.
However, CBD failed to mention the ever-so clever strategy employed by NRMA and its "step-sister" IAG to keep some of their folk quiet.
By some magic stroke of coincidence, NRMA and IAG managed to convene their annual meetings at exactly the same time. Yes, NRMA is calling its members together at 10.00am on Wednesday 27th October and IAG is having its annual get-together at precisely the same time. How convenient!
NRMA's event, which has a big program that's dominated by an item of special business that will see its current constitution thrown out and replaced lock-stock-n-barrel by a new one, is being held in down-town Wollongong while the ugly step-sister, IAG, is having its shindig in Sydney.
Those arrangements obviously suit the teams running the shows but overlook the shareholders and members of the organisations who want to attend both events and voice their views about what's going on.
What does ASIC have to say about this?
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