Commentary

106.3 Quoted company: members’ power to require independent report on poll

COMPANIES vol 10(1) Directors and Other Officers, Shareholders, Shares and Share Capital
| Commentary

106.3 Quoted company: members’ power to require independent report on poll

| Commentary

106.3 Quoted company: members’ power to require independent report on poll

The directors of a quoted company must obtain an independent report on any poll taken, or to be taken, at a general meeting if sufficient members of the company require it1, that is:

  1. 106.3.1

        members representing at least 5% of the total voting rights of all the members who have a right to vote on the matter to which the poll relates; or

  2. 106.3.2

        at least 100 members who have a right to vote on that matter and who hold shares on which there has been

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