6 questions lodged at 2021 Altium AGM

1. Did any of the 5 main proxy advisers in the Australian market - ACSI, ASA, Ownership Matters, Glass Lewis and ISS - recommend a vote against any of today's resolutions? Which of the proxy advisers are covering us and has their been a material proxy protest vote against any of today's resolutions? Will you disclose the proxy votes before the debate on today's resolutions so shareholders can ask questions if there have been any protest votes?

2. When disclosing the outcome of all resolutions today, will you publicly disclose how many shareholders voted for and against each item, similar to what happens with a scheme of arrangement? This will provide a better gauge of retail shareholder sentiment on all resolutions and was a disclosure initiative recently adopted by Metcash and Southern Cross Media after their AGMs.

3. Please explain why we claimed $617,000 in JobKeeper across 2 financial years for 22 employees when we are a booming global company capitalised at $5.24 billion. Will the board consider partially or fully refunding this sum to the ATO so we are no longer associated with the widely rorted $88 billion scheme. Was our revenue really down by the required 30 or 50% in Australia to qualify? Why don't we follow the lead of companies like Santos, CIMIC, Wesfarmers, REA and Iluka Resources by fully repaying our JobKeeper claim, if only because we just didn't it.

4. Given the range of interesting discussions across a range of topics today, could the chair undertake to make an archived copy of the webcast plus a full transcript of proceedings available on the company's website. Nine Entertainment chairman Peter Costello, who appreciates the benefit of a parliamentary hansard transcript where MPs don't have to scroll through old videos to find out what was said, made this change last week & had a full transcript of Nine AGM online before the end of the day. Sam, will you join the AGM transcript team to maximise access for shareholders?

5. The AFR reported last week that Australia's biggest auditor PwC has used dozens of unqualified workers, on lower salaries and with less training and resources than their main office counterpart, to complete audit work for large listed clients from an unbranded office in western Sydney's Parramatta. Could our PwC auditor, Louise King, please comment on whether this is true and whether any Altium auditing has been done from this unbranded Parramatta office. Could the Altium audit committee chair also comment on this issue.



6. Resolution 3: Re-elect Samuel Weiss as a director

Congratulations on your ongoing terrific performance, Sam. Could you please comment on whether you intend to serve a full 3 year term or whether this will be our last opportunity to vote for you. In terms of succession planning, do you believe the next chair is currently on the board and why don't we have a deputy chair to indicate likely succession planning.

Copyright © 2022 The Mayne Report. All rights reserved

• share
  Share
  • 
    Facebook
  • 
    Twitter
  • email
    Email
  • print
    Print
  • link
    Copy Link
  • cancel
    Cancel