The Hadley's are only a defence against MMGA if the bod endorsed candidates are considered BEFORE the shareholder candidates and the no vacancy rule doesn't apply so we have a max of 9
So 18 - 22 THEN 2 - 17 with the 2 possible extra seats available
That way the 5 bod endorsed candidates fill the vacant seats first and then the Hadley's become a defence against MMGA taking the possible last 2 seats due to the no vacancy rule not being voted on. But even then they would both need a higher % than all the MMGA candidates.
This was the entire point of the additional candidates
Otherwise if the rules as stated in the AGM notice and supplementary booklet are correct and candidates are considered IN ORDER so 2 - 22 to fill the vacancies then the Hadley's will potentially be taking seats away from the bod endorsed candidates if MMGA win with a max of 7 or 9 or if MMGA don't win and the no vacancy rule does apply and we have a max of 7
It would be pretty awkward if we do have a max of 7 and MMGA lose but the Hadley's win and are considered before the bod endorsed candidates and we end up with 5 current bod and 2 Hadley's instead of 7 current bod for no reason
Obviously if the Hadley's and MMGA both win but the 5 bod endorsed candidates all lose then the Hadley's would stop MMGA getting control as long as they vote with the 2 remaining current bod but that is by far the least likely outcome and the possibility of them taking seats away from the bod endorsed candidates is far more likely than that scenario
We really need final clarity on the candidates order consideration and whether the no vacancy rule applies to know for sure if the Hadley's are useful but the instructions provided so far are pretty clear. Although seeing as management thought there were 2 vacant seats rather than 5 I'm not sure if anyone really fucking knows how this works.
I propose we have a vote on amending the AVZ constitution at next year's AGM to spell out exactly how the board seats are decided
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