Carlos Danger
Top 20
Hi Carlos, I haven't posted in a while on either TSE or hotcrapper, but I have read everything and I have a lot of respect for you as a poster and all of the research that you do however I am not sure that this post was correct.
Happy to be proven wrong but my understanding is that reagrdless of the outcome of the votes on John, Greame and the 3 other recently appointed directors that there will only be two vacant director positions to be added from the 16 nominees.
If the "other 5" as you have mentioned above, are not voted in, then there will be only 2 directors ( or less) chosen from the 16 nominees which include the Fat Tail nomiees.
Cheers and thanks so much for your efforts.
Does AVZ have to fill all vacant spots?
1 by 1 starting from the top of the list.
and it's just yes votes vs no votes, which is why its imperative we all vote.
And once (if) all vacancies are filled, no one else even gets a chance.
I read the constitution section on director nominations but am still unsureEach director nomination is an ordinary resolution, which means that it passes if a majority (>50% of people who cast their for or against vote) vote for the resolution.
So for each director appointment resolution if >50% of the votes are against, then that person will not be appointed as a director. That means if none of the non-board endorsed director resolutions pass then none of them get appointed.
I think my confusion stemmed from the 3 new director nominees. It seems each of those 3 seats will only remain if the individual new nominee is elected. So we could be left with somewhere between 4 and 7 on the bod. And only 2 of the original 4 is up for grabs between the 2 seeking reelection and the absolute clown car of other candidates with the current holders getting first dibs followed by the other list in order. Is that right @GD4 ?
If so then why the fuck would MMGA bother nominating 3 candidates when only 2 can get on the bod?