There’s more than one way to get companies to do what you want. Sometime the threat of a vote at an annual general meeting is enough.
The groundbreaking legal case has changed the game for how Australia’s $3 trillion superannuation industry invests, and how members are protected from climate risk.
Westpac AGM, 2019.
Already, under this year’s temporary provisions, the meetings have been shorter with fewer questions.
The AMP saga, and new research, shows the power of ‘shareholder voice’.
Shareholder activism involves directly engaging with directors and executives of companies to effect change.
We want to to believe in the power of shareholder activism, but reality is another thing.
Large shareholders are increasingly being criticised for not pressuring company boards enough to be more socially and environmentally responsible.
Don’t expect institutional investors to become activists for change to make corporations more responsible. More direct approaches are urgently needed.
Greg Combet wants to use his super power to free business from being hostage to short-term share-price and profit measures.
Superannuation fund supremo Greg Combet has a radical idea: to promote the business concept of ‘long-term value’.
Executive pay is an issue that often causes public uproar. But it’s not as greed-driven as we might think.
High CEO compensation angers the public, particularly when it doesn’t seemed tied to performance. But as a whole, trends in executive compensation are consistent with fundamental economic forces.
A breakthrough resolution on Rio Tinto’s climate stance has received a strong vote at the company’s AGM.
AAP Image/Andy Brownbill
The shareholder resolution on climate change at Rio Tinto’s AGM is another indication of how much investor culture is tilting towards demanding that companies take a responsible climate stance.
The Facebook CEO has promised to ‘do better’.
Bakhur Nick / Shutterstock.com
Zuckerberg’s control over the way Facebook is run far outstrips his shareholdings. That can be a problem when scandals hit.
It’s possible that CBA’s willingness to admit as much of its conduct as it has, signals the bank might resolve the class action through a settlement.
The CBA’s response to AUSTRAC’s claims means shareholders will be assisted in part of their class action claims, but a lot still needs to be proved.
Managers’ short term incentives mean they can’t follow through on grand climate change programs.
Climate change may be a business opportunity, but research shows that market forces serve to systematically undermine climate change programs.
External pressure has led to delivery giant, Hermes, being referred to the chief tax man over whether or not its workers should be classified as ‘self-employed’.
It used to be outside actors like NGOs and governments that forced companies to be environmentally friendly. But some are building their brand on their CSR.
Shareholders deserve a greater say in who sits in these seats.
Common mythology holds that shareholders of public corporations choose who sits on the board of directors. Nothing could be further from the truth. Under the laws of most states, directors are automatically…
Activists have a range of options available to them to voice their anger at a company’s decisions.
As part of its program to cut red tape and bureaucracy, the Australian government is set to repeal the 100-member rule. The rule contained in the Corporations Act forces a company to hold a general meeting…
The reach of global multinationals like BHP is driving a new wave of shareholder activism.
Sister Patricia Daly is in for the long haul. Last May, the New Jersey-based Dominican nun and shareholder activist, attended her 15th ExxonMobil annual shareholder meeting, again armed with the same resolution…
It is time for Australian shareholders to push for more action to combat low female representation at board level.
AAP Image/Dean Lewins
The lone lady in a suit is always a matter of interest, whether on a listed company board or in Tony Abbott’s cabinet. Not only does it seem inequitable that women are underrepresented in these influential…
The Fairfax board is one of 22 who have fallen foul of new provisions meant to empower shareholders.
The era of passive shareholding where investors patiently waited for companies to offer dividends (or simply sold their shares and moved on) is gone forever. Shareholdings are no longer largely distributed…