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Post Info TOPIC: Proposal by Treasury to abandon Annual General Meetings ( AGM)


Guru

Status: Offline
Posts: 1503
Date:
Proposal by Treasury to abandon Annual General Meetings ( AGM)


The Federal Treasury is currently considering a proposal to reduce Board transparency and accountability by permanently removing the requirement for Annual General Meetings (AGMs) to be conducted in person.


Federal Treasury is inviting submissions on the draft legislation by Friday, 30 October 2020. I encourage you to join me in arguing for AGM transparency and accountability to be upheld.

We have share investments in a number of Australian Blue Ribbon Companies. Hence our submission.

 If you would like to make a submission, you may use the statement below:

""As a retail shareholder, I oppose the proposed relaxation of companies requirement to conduct transparent AGMs. Without physical meetings, retail shareholders will face yet another disadvantage in accessing companies, asking questions and participating in a transparent process.""

Almost the majority of people in the land are involved in Superannuation funds who then invest in the various financial markets.

Wonder if this applies to Body Corporate AGM's???


This may well be another example of the people of Australia being hung out to dry.

Jay&Dee



-- Edited by JayDee on Tuesday 27th of October 2020 06:47:40 AM

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Senior Member

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Posts: 127
Date:

Good morning Jaydee,

Its just yet another way to stop Share holders BACKLASH, at the bigend of town.

Its COMING.

WE are OUT.

 

It has STARTED.

Europe,

USA,

China has a new outbreak of Covid -19 as of yesterday. (4 Cities).

Germany Last Night, Markets finished down 3.7% Went much higher at one point.

Russia ???

By Christmas uninployment closer to a true 14%.

They don't want You and Dee, and Old and Myself to be herd.

Yet they will still get the money on their exit.

Look after the Board members first. AS always.no

Old and Grey

 



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Guru

Status: Offline
Posts: 1790
Date:

Stephen Mayne won't like that! :)



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Je suis Charlie --- Je suis Samuel



Guru

Status: Offline
Posts: 836
Date:

Mike Harding wrote:

Stephen Mayne won't like that! :)





Or Solomon Lew he just want's to get rid of the board.biggrinbiggrin

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