Month ahead in AGMs: December 2015

With the main AGM season almost over (Monday 30 November features several two-strike AGMs), I take a look at key AGMs scheduled for December 2015. Three of the big four banks hold AGMs this month. ANZ's AGM agenda features two shareholder-requisitioned resolutions: one on climate change which is an ordinary resolution. The other resolution seeks to amend the constitution to give shareholders in general meeting the right to express an opinion or request information on the exercise of a power partially or fully vested in the Directors. Ten Network's AGM agenda features an ASX Listing Rule 7.1 resolution to approve Foxtel taking up shortfall shares following the capital raising. It's a strategic choice to move this resolution rather than an ASX Listing Rule 7.4 resolution to ratify the initial placement to Foxtel. Elders' 2015 AGM features a special resolution to amend the constitution, including a reduction in the maximum number of directors on the Board from 12 to 8. You can read more about December's AGMs at this (VIEW LINK)