Chartered Secretaries of Australia’s Top 200 companies overwhelmingly support a two-tiered solution to the standoff over shareholder requirements to call an Extraordinary General Meetings (EGM) a new survey has revealed.
In a direct bid to break the stand-off over shareholder participation, Chartered Secretaries Australia (CSA), has proposed a two-tiered system for the calling of Extraordinary General Meetings (EGMs) that recognises the need for shareholders to voice their concerns whilst having regard to the overall size of ownership of companies.
Company secretaries fulfilling the role of general counsel should have employment contracts that ensure their professional and ethical responsibilities are not overridden by organisational interests or they risk losing professional privilege, Company Secretaries Australia (CSA) has warned.
Corporate Governance is an issue that occupies a great deal of company boards' time and
thoughts. Like almost any issue with an ethical dimension however, it does not have one
single and simple manner in which it should be addressed. Nor is there any precedence or
benchmark to provide guidance on whether or not a governance initiative can be made
Appropriate minimum qualifications for company secretaries would ensure greater
protection for stakeholders, improve compliance and reduce law enforcement costs, the peak body for compliance has claimed in a submission to the Companies & Securities Advisory Committee (CASAC).