Shareholder resolutions: Is there a case for change?

  • Shareholder resolutions are emerging as a critical aspect of shareholder engagement.
  • Governance Institute and LexisNexis convened a roundtable to discuss the issues and have produced a green paper to promote further debate and consultation.
  • A survey of Governance Institute members showed a pronounced diversity of strongly held views about a range of issues affecting shareholder resolutions.

Hands tugging on a rope

Now is the appropriate time for all stakeholders to consider their policies in relation to shareholder resolutions. Governance Institute has partnered with LexisNexis to produce a green paper to promote further debate and consultation on what is emerging as a critical aspect of shareholder engagement.

Governance Institute and LexisNexis convened a roundtable of distinguished participants to determine if there is a need to depart from current policy settings and if so, consider alternatives to legislative change. There is currently limited appetite or indeed political will for change of the Corporations Act 2001. Legislative change inevitably takes time and is likely to be overtaken by market and other developments. Governance Institute also surveyed members to capture their views.

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