[AfriNIC-rpd] NomCom at AFRINIC-16

[gift]

Hi McTim

Companies operate in terms of a Companies Act. In the case of Afrinic 
the Companies Act of Mauritius 2001. The act prescribes how companies 
operate as a minimum in many areas such as member relations, appointment 
of management and directors and the type nad conduct of company 
meetings. The proxies fall under procedure and conduct of meetings. It 
is a statutory requirement to hold an annual general meeting (face to 
face meeting).  It is mandatory to issue all members/shareholders with a 
notice for the AGM and in the notice members who are entitled to attend 
are advised of their option to appoint a proxy to attend and vote on 
their behalf if they so wish. The proxy form is also availed with 
details of the filing time table. So in essence as long as there is need 
to hold a face to face meeting (AGM) there is no way of doing away with 
proxies. I sense a general dislike for proxies but we cant just wish 
them away. I can bet you even in developed countries technology has not 
been able to knock out statutory meetings and what ever goes with them 
such as proxies. By the way proxies are just not to vote for elections 
but any other resolutions. In practice even if a member is present they 
can still appoint a proxy for voting purposes. At an AGM even non 
members (observers) are allowed to attend and not vote. It is very 
common to have syndicates of like minded members giving their proxies to 
one person or the Chairman even if they are present just to show 
solidarity and voting power.

Hope this helps.

GS


On 22/05/2012 02:09 PM, McTim wrote:
> Can you or anyone explain why an evote does not completely remove any
> need for proxies?
>


-- 
Gift Shava
Financial Controller

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