Australian Council of Superannuation Investors proposes reform to allow shareholders to raise environmental, social and governance issues at company meetings

The Australian Council of Superannuation Investors has released a report on shareholder resolutions. The report proposes that the current corporate governance framework in Australia be reformed to allow shareholder resolutions to be used as a mechanism for raising environmental, social and governance issues at company meetings.

 

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Article
6 November 2017

BlackRock backs shareholder vote call - with limits

Author: Ruth Williams, Sydney Morning Herald

BlackRock, the world's biggest fund manager, has backed calls for boosted shareholder powers to put issues on the agenda at Australian company shareholder meetings – but says ground rules are needed to stop the process being used for frivolous purposes...

[refers to Woolworths, BHP, Santos, Commonwealth Bank, ExxonMobil and BlackRock]

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Article
6 November 2017

Shareholders want power to 'escalate' issues

Author: Ruth Williams, Sydney Morning Herald

27 October, 2017

A group representing some of the nation's biggest superannuation funds says shareholders need greater powers to ensure their concerns are heard at company AGMs - including on environmental and social issues...

[refers to Santos, Woolworths and BHP]

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Report
5 November 2017

Report: Shareholder resolutions in Australia

Author: Australian Council of Superannuation Investors

October 2017

Australia’s corporate governance framework restricts an important right of shareholders – the ability to bring resolutions at company meetings. We think this approach is flawed and needs to be reformed...

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