AGM Outcomes

The following resolutions were put forward at the Careerforce annual general meeting held on 23 May 2012, and voted on by those shareholders present (in person or by proxy). The results are set out below.

 

Resolution 1

That Ernst and Young be re-appointed as Community Support Services ITO Ltd Auditors and authorise the Directors to set the Auditor's remuneration.

 

This ordinary resolution was approved by the requisite simple majority.

 

Resolution 2 (special resolution)

That the shareholders approve the amendments to the existing constitution of the Company (in accordance with section 32 of the Companies Act 1993) in the form recommended by the Board with effect from the date of the passing of this resolution.

 

This special resolution was not approved by the required 75% majority (even though a significant majority voted in favour of the change) and therefore was not passed.

 

Resolution 3 (special resolution)

That the shareholders approve an aggregate sum of $150,000 plus GST to meet the combined annual remuneration for the group of Directors of the Company effective from 1 June 2012.

 

This special resolution was approved by the requisite 75% majority.