Inquiry into shareholder engagement and participation
Terms of Reference
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The Committee is to
inquire and report on the engagement and participation of shareholders in
the corporate governance of the companies in which they are part-owners,
with particular reference to:
- barriers to the
effective engagement of all shareholders in the governance of companies;
- whether institutional
shareholders are adequately engaged, or able to participate, in the
relevant corporate affairs of the companies they invest in;
- best practice in
corporate governance mechanisms, including:
- preselection and nomination of director candidates;
- advertising of elections and providing information concerning director
candidates, including direct interaction with institutional shareholders;
- presentation of ballot papers;
- voting
arrangements (eg. direct, proxy); and
- conduct of Annual General Meetings.
- the effectiveness of
existing mechanisms for communicating and getting feedback from
shareholders;
- the particular needs
of shareholders who may have limited knowledge of corporate and
financial matters; and
- the need for any
legislative or regulatory change.
Written submissions are invited and should be addressed to:
The Secretary
Parliamentary Joint Committee on Corporations and Financial Services
Department of the Senate
Parliament House
Canberra ACT 2600
The closing date for submissions is 9 November 2007.
For further information, contact:
Committee Secretary
Parliamentary Joint Committee on Corporations and Financial Services
PO Box 6100
Parliament House
Canberra ACT 2600
Australia
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