RE:Strategic Moves at NorZinc I've been ruminating on this all day. I have two questions:
Here's the Corporate Policy on Advanced Notice:
"The Corporation is committed to: (i) facilitating an orderly and efficient process for holding annual general meetings and, when the need arises, special meetings of its shareholders; (ii) ensuring that all shareholders receive adequate advance notice of the director nominations and sufficient information regarding all director nominees; and (iii) allowing shareholders to register an informed vote for directors of the Corporation after having been afforded reasonable time for appropriate deliberation."
While I suppose it is possible that we stockholders were informed regarding these changes to the board, I sure don't remember it. I'm left wondering whether this ethics policy of the company has any enforcement provisions and, if so, who with.
Secondly, I get that RCB has the right to nominate ONE member of the board, but if I'm not mistaken Ms Perry is their one board member. Seemingly they got two more today, one labeled as such, another who just happens to have 30 years of experience working for them.
Shoot, why should they buy the company, seems they can just take it over at a special board meeting.