Proxy members versus units, if one member has 10 units, is it 10 votes as per proxy?
Section 6(5) of the STSMA states that a person may not hold a proxy for more than two members. So, if a member owns 10 units in a scheme, another member can hold his proxy for the 10 units, and it only counts as 1 PROXY...
Section 6(5) of the STSMA states that a person may not hold a proxy for more than two members. So, if a member owns 10 units in a scheme, another member can hold his proxy for the 10 units, and it only counts as 1 PROXY.