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Showing 391 - 400 of 430 results for "shareholders"

CSA warns on timing of undirected proxy vote legislation

RACHEL ALEMBAKIS  |  WEDNESDAY, 11 APR 2012  |  NEWS
... existing law." CSA says that if the amendment doesn't pass in time to take effect during the 2012 AGM season, retail shareholders could lose the right to vote on executive remuneration resolutions and there is the risk of triggering a negative vote against ...

Fund manager: remuneration reports filled with "mumbo jumbo"

RACHEL ALEMBAKIS  |  WEDNESDAY, 4 APR 2012  |  NEWS
... In a report released in March 2012, the commission said that directors must provide "sufficient detail" such that shareholders can assess if the arrangements are appropriate for the company's circumstance. Morgan also called upon fund managers, superannuation ...

Proxy voting error results in Emeco AGM double-count

RACHEL ALEMBAKIS  |  FRIDAY, 9 MAR 2012  |  NEWS
... meeting (AGM) in December, an institutional custodial shareholder double counted the proxy votes of two beneficial shareholders resulting in an excess of votes cast. That error resulted in an apparent "against" vote of 26.40% on the advisory vote on ...

ASIC renews call for better remuneration disclosure

RACHEL ALEMBAKIS  |  FRIDAY, 2 MAR 2012  |  NEWS
... financial year ended 30 June 2011. The commission said that directors must provide "sufficient detail" such that shareholders can assess if the arrangements are appropriate for the company's circumstance. "It is important for the integrity of the market ...

AMP Capital, VFMC publish 2011 proxy voting record

RACHEL ALEMBAKIS  |  WEDNESDAY, 29 FEB 2012  |  NEWS
... as a result of the "two strikes" rule, there is increased engagement with companies. Under the two-strikes rule, shareholders in Australian publicly listed companies have the right to remove directors if a company's remuneration report has received a ...

Proposed disclosure measures for corporate bonus clawbacks

RACHEL ALEMBAKIS  |  WEDNESDAY, 22 FEB 2012  |  NEWS
Listed companies will be required to disclose to shareholders the steps they have taken to clawback bonuses and other forms of remuneration if they were the result of a material misstatement in the company's financial statements, under proposed legislation ...

Call for working group on shareholder resolution reform

RACHEL ALEMBAKIS  |  FRIDAY, 10 FEB 2012  |  NEWS
... said that the working group would lobby for legislative or regulatory redress to clarify the process under which shareholders can put resolutions to the AGM. "The best option would be to get legislation in place to give the clearest rules and the most ...

GRI establishing working groups for G4

RACHEL ALEMBAKIS  |  FRIDAY, 13 JAN 2012  |  NEWS
... requirements for sustainability data and enable reporters to provide relevant information to various stakeholders, including shareholders, investors and consumers. It should also improve on content in the current guidelines - G3 and G3.1 - with strengthened ...

Share placements become governance issue for investors

RACHEL ALEMBAKIS  |  FRIDAY, 23 DEC 2011  |  NEWS
Publicly listed companies should recognise existing shareholders when raising equity capital, and should disclose how a capital equity raising is priced and built and ensure that fees associated with a equity capital raising reflect value and risk ...

David Bradbury announces inquiry on future of the AGM

RACHEL ALEMBAKIS  |  WEDNESDAY, 7 DEC 2011  |  NEWS
... future of the AGM in Australia, including how documents and meeting forms should change to meet the needs of future shareholders; the "risks and opportunities" in technological advances as relates to the ongoing relevance and efficacy of the AGM, such ...