Menu
Menu
Clever directors fend off board spill attempt

Clever directors fend off board spill attempt

The board spill attempt leveled against Clever Communications has failed, with all four motions voted down.

Three Clever shareholders, Microequities Asset Management and the LJ Catelan and ML Catelan Superannuation funds, had called an EGM to vote on the replacement of two directors, including chairman David Williams.

But at the EGM, a majority of shareholders opposed the motion to remove Williams and Philip Powell, and on the election of replacement nominees Carlos Gil and Danny Herceg.

“The board thanks shareholders for their continued support and will continue to serve the best interests of all shareholders into the future,” company secretary Leigh Davis.

The Clever board had previously suggested that the proposals may be an attempt to stack the board with directors who would be amenable to selling the company to its rival, BigAir.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!

Error: Please check your email address.

Tags Board spillPhilip PowellClever CommunicationsbigairDanny HercegDavid WilliamsCarlos Gil

Show Comments

Market Place

Computerworld
ARN
Techworld
CMO