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ARTICLE · 09 JUNE 2012

Fast-track fix for two strikes proxy error - a corporate governance update

Clayton Utz
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A Boardroom Radio discussion on legislative amendments to fix a drafting error in the ASX rules.

AustraliaCorporate/Commercial Law
David Bushby
David Bushby
Andrew Hay
Andrew Hay
Author LinkedIn connections

Legislative amendments have been fast-tracked into parliament to fix a drafting error relating to the voting of undirected proxies at AGMs, which have been keenly expected in the context of the new "two-strikes" rule on executive remuneration. Will the fix make any difference to the upcoming November AGM season? Andrew Hay examines the change and what effect it will have.

David Bushby

Today BRR Media speaks with Andrew Hay; he's a Partner in the Corporate Advisory team at Clayton Utz in Brisbane. Welcome back to BRR Media Andrew.

Andrew Hay

Thanks very much David.

David Bushby

Andrew, the rules governing shareholder voting on executives' pay are being fine-tuned with amendments going into Parliament late last month.

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