The requirement that 100 signatures are necessary to produce a shareholder resolution in Australia has long been a ridiculous barrier to a proper culture of shareholder pressure. There literally hasn’t been a shareholder resolution at an Australian AGM for three years.
Shareholder resolution
How one lanky shareholder and a rooster moved the News Corp share price
Here’s another big claim that might upset Rupert Murdoch’s most loyal business commentator, Terry McCrann, but I reckon the surge in News Corp’s non-voting shares on Friday was driven by my shareholder resolution calling for them to be given the vote, writes Stephen Mayne.
