Treasury Group Chairman turns up heat over EGM threatTuesday 15th December 2009 | 11:13 AM« Back to ListingIn a letter to Mr de Tocqueville dated 7 December 2009, Mr Fitzpatrick notes he has not received any request to call a general meeting of shareholders or been advised as to whom will be standing for election as a director of Treasury Group. "The Chairman seems to have some obscure notion that I should divulge to him my confidential discussions with supporters and other members who wish to nominate for a board position, and my timelines for calling such an important meeting," Mr de Tocqueville said. "Calling a meeting of members is quite an involved process, for good reason. It is a serious matter. "The Chairman's letter also refers to the recent annual general meeting of the company and points to my failure to win a board seat. What he does not say is that only 22 of the company's 2,949 shareholders attended the meeting in Sydney, which was not webcast. In fact, a poll of votes at the meeting (which I declined to call) would have shown that I failed to win a seat by a narrow margin only. "I remain very concerned about Treasury Group's performance under the current board. In my opinion the board and management are in urgent need of a fresh approach."
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