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Direct member voting presents a 'practical challenge'

Having fund members directly vote on every motion presents a “practical challenge” and companies are not privy to proxy advice reports before publications due to licensee restrictions, according to the Australian Council of Superannuation Investors.
Tim Wilson Red John Lousie Davidson Coalition Mp Jason Falinski Australian Council Of Superannuation Investors Australian Council

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CEO pay takes much needed haircut - MacroBusiness

MacroBusiness Access Subscriber Only Content at 2:30 pm on July 13, 2021 | 5 comments An Australian Council of Superannuation Investors survey has revealed that the CEOs of ASX 100 companies received no annual bonus in 2020, double that of the previous year. They included Alan Joyce of Qantas, Marnie Baker of Bendigo & Adelaide Bank and Susan Lloyd-Hurwitz of Mirvac. Ed John from the ACSI says that the pandemic and ensuing lockdowns was the main reason for lower CEO pay in 2020, and he says the...
Susan Lloyd Hurwitz Alan Joyce Red John Marnie Baker Bendigo Adelaide Bank Australian Council Of Superannuation Investors

Disclosure changes open door for 'reckless behaviour'

Schedule 2 of the Treasury Laws Amendment (2021 Measures No.1) Bill are unwarranted.  Speaking at the public hearing of the Senate Estimates, Kate Griffiths, executive manager for public policy and advocacy, and Ed John, executive manager for governance and engagement, said ACSI members invested $200 billion in Australian equities.   The changes proposed under Schedule 2 of the bill related to continuous disclosure obligations and ACSI said it did not see any existing problems with current d...
Red John Kate Griffiths Investment Commission Australian Council Of Superannuation Investors Australian Council Superannuation Investors

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