Post by
Gazoo2021 on Oct 25, 2022 12:19pm
Issue #1 of past AGM voting Follow Up
Monument Mining has not been following the CBCA requirements.
We have voted For or Withhold and we should have been voting For or Against
From the AGM circular Bottom of Page 8 and page 9
''In limited circumstances, the elected directors may also reappoint the incumbent director even though s/he did not receive majority support in the most recent election.
More specifically, the CBCA allows reappointment in two circumstances:
(a) where it is required to satisfy the CBCA’s Canadian residency requirement; or
(b) where it is required to satisfy the CBCA’s requirement that at least two directors of a reporting issuer not also be officers or employees of the corporation or its affiliates. If the shareholders fail to elect the number or minimum number of directors required by the issuer’s articles due to a lack of a majority of “for” votes for any director nominee(s), the directors who were elected at the meeting may exercise all their powers as directors provided that they constitute a quorum.
The BCBCA does not have majority voting requirements for uncontested director elections. In an uncontested election, all director nominees who receive any “for” votes will be elected. ''
The last sentence is what has occurred contracry to the CBCA.