Q1. Did any of the 5 main proxy advisers - ACSI, Ownership Matters, Glass Lewis, ISS and ASA - recommend a vote against any of today's resolutions? If so, what reasons did they give and will you disclose the proxy votes before the debate on each resolution so shareholders can ask questions about the reasons if there have been any protest votes?
Answer: everyone was in favour but chair said the ASA advised 24 hours before the meeting that it would be voting against all resolutions. Watch video of exchange via Twitter.
Q2. Best practice is now to disclose the proxy position to the ASX along with the formal addresses to offer more timely disclosure to the market? The likes of Origin Energy, NAB, Carsales, Viva Energy, Webjet, Xero, Myer, Brambles and JB Hi Fi all do this. Will you adopt this practice at next year's AGM and was there any protest vote against Mark's election today?
Q3. Given the 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? The likes of Nine, AGL, ASX, ANZ, Domino's and Lend Lease all produced their 1st AGM transcripts in 2021. Will you follow suit today? This is something IAG has been doing since 2003.
Answer: The chair was quite non-committal and said they weren't geared up to do this.
Q4. Could the CEO summarise his past LTI grants as to whether they have vested or lapsed. Also, has he ever sold any ordinary shares in the company or bought any on market without relying on an incentive scheme to build his equity position in the company? Please don't say look it up in the annual report and through ASX announcements. It's complicated and the CEO could factually summarise the situation in 60 seconds.
Answer: The CEO gave an excellent and detailed answer which showed he was right across the detail and has plenty of skin in the game.
Q5. Thank you for offering shareholders a hybrid AGM this year and will you commit to keep doing this in future years to maximise shareholder participation? Big companies like Brickworks, Fortescue Metals, Harvey Norman, Metcash, Origin Energy, Premier Investments, Ramsay Healthcare, Rio Tinto, Seven Group, Soul Pattinson, Super Retail, Whitehaven Coal and Worley all banned online questions and voting in 2022, so well done for showing them up. What was the experience like from your end?
Answer: The chair said it worked well but wouldn't commit for the future which sounded overly cautious.
Q6. When disclosing the outcome of voting on all resolutions today, including the rem report, could you please advise the ASX 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 voluntary disclosure initiative adopted by the likes of Metcash, Altium, ASX, Qantas, AUI, Dexus, Webjet, Tabcorp and Myer over the past two years. You've got the data, so why not let the sun shine in.
Answer: the head of legal emailed after the meeting apologising that this one wasn't asked but then said they had delivered the request in the voting results announcement. Excellent work. Sadly, only 103 of the circa 5,000 shareholders bothered to vote.
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