Towards manadatory shareholder committees in Australian companies

McConvill, James and Bagaric, Mirko 2004, Towards manadatory shareholder committees in Australian companies, Melbourne University law review, vol. 28, no. 1, pp. 125-168.

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Title Towards manadatory shareholder committees in Australian companies
Author(s) McConvill, James
Bagaric, Mirko
Journal name Melbourne University law review
Volume number 28
Issue number 1
Start page 125
End page 168
Publisher Melbourne University Law Review Association Inc.
Place of publication Melbourne, Vic.
Publication date 2004-04
ISSN 0025-8938
1839-3810
Keyword(s) shares
corporate governancec
decision making
Summary A common objective in recent Australian and international corporate governance reform programs is the enhancement of shareholder participation. Active shareholder involvement brings account- ability to the board and management, and is appropriate considering that shareholders are the ultimate owners of the company. Curiously, however, while shareholder participation and representation has become a priority in the contemporary corporate governance arena, the bulk of recent governance reform initiatives operate on the assumption that there is a clear separation of the board and management from the general body of shareholders, and that this is necessary to achieve optimal performance. The requirement that directors be 'independent' of the company and its shareholders is a prime example. In this article, the authors propose the establishment of a mandatory shareholder committee in Australian companies as a way of enhancing shareholder participation and representation.]
Language eng
Field of Research 180109 Corporations and Associations Law
HERDC Research category C1 Refereed article in a scholarly journal
Persistent URL http://hdl.handle.net/10536/DRO/DU:30002659

Document type: Journal Article
Collection: School of Law
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