RE:RE:RE:RE:RE:A shock out of left field ?? Oakie, thanks for the info. SEDAR doesn't have any particular Observer Right's Document filed, but our Investor Rights agreement provides, in Section 2.1, paragraph 2 (emphasis mine):
"Notwithstanding the foregoing sentence, the Investor Observer shall not be entitled to: (i) vote on any matters brought before the Board; and (ii) attend (x) meetings or portions of meetings of the Board comprised exclusively of Independent Directors; (y) meetings of any committee of the Board; or (z) meetings of the Board where the Chair of the Board believes, in his or her sole discretion, acting reasonably, that there could be a potential conflict as a matter of applicable corporate law as a result of a topic of discussion in the Board meeting relating to the Investor Observer or any member of the Rio Tinto Group."
I'm curious as to the "independent directors." How is that defined? We only have 5 Directors, the website doesn't say which are (in)dependent.
The "potential conflict," certainly room for subjectivity there, and now I'm open to the idea we can preclude him from attending such a meeting where we consider a bid from others.
Thanks for pointing us in this direction. Certainly getting more valuable discussion than whether we're selling for 500m or 3b.