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  • #7614

    My strata manager – one of the big companies – will not accept a new proxy appointment for an adjourned general meeting.

    Their Education Officer, was kind enough to explain why they cannot allow new proxies. He described how it was essentially the same meeting and that the generally accepted meeting procedure under common law does not permit new proxies because it is the same meeting.

    Not entirely convinced I searched the web and I found a document that suggests that they are wrong.

    Rio Tinto had an adjourned general meeting last year and allowed new proxies. I would have thought that the common law meeting procedure referred to by the strata manager would be adhered to by a corporate giant. apparently not.

    There may be a good reason for this difference of approach. Possibly the Rio constitution allows this.

    See the following link.

    https://www.riotinto.com/documents/Investors/100505_Rio_Tinto_2010_Notice_of_adjourned_annual_general_meeting.pdf 

    [NB: I edited the name of the strata company out.  It’s no big deal but it’s just our “no-names, no packdrill policy” – and you either have a policy or you don’t. Rio Tinto – well, that’s a whole different issue …- JT]

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