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.

The 100 signature rule explains why I've run for 28 boards over the years and never managed to get a shareholder resolution up until this year's News Corp AGM, courtesy of the Americans only requiring the proponent to own $US2000 worth of shares. Board tilts usually only require one shareholder signature, which is too easy, whereas standard shareholder resolutions are just too hard.