Quote:
Originally Posted by Neil
Why would you hold an AGM every six month's? By its name you have them annually.
Are the rules you posted ASFC's or some you found on the net?
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Errr....AGM's are usually held every 6 months for PLC's, who would normally pay an interim dividend (on 6 months) and would thus need shareholder approval ,followed by the final dividend at the end of the financial year.
ASFC is not a PLC; It should still however, conduct it's buisness in line with statutory requirements as laid down by Company legislation for entities of this sort. Either there has been some pretty nifty work done behind the scenes in order to diminish the need for corporate transparency, or it has ignored those completely. The problem is, the stakeholders - the shareholders, the fans, the people of Accy and others - simply don't know.