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How should small shareholders have a choice? Lessons from Gunns Ltd extraordinary general meeting

Citation

Hanson, DJ and Wickham, MD, How should small shareholders have a choice? Lessons from Gunns Ltd extraordinary general meeting, Corporate Ownership & Control, 7, (1) pp. 160-167. ISSN 1727-9232 (2009) [Refereed Article]


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Abstract

In Australian corporate governance, section 249D of the Corporations Act 2001 gives small shareholders a voice by empowering them to call for an Extraordinary General Meeting (EGM). We discuss the principles behind this section, and illustrate its action with the case of Gunns Ltd, a logger of old growth forests in the green oriented island the State of Tasmania. Our conclusion is that the section needs to be redrafted with more stringent conditions attached to calling an EGM but while still empowering small shareholders.

Item Details

Item Type:Refereed Article
Keywords:Governance, Stakeholder, General meeting, Pressure group
Research Division:Commerce, Management, Tourism and Services
Research Group:Business and Management
Research Field:Corporate Governance and Stakeholder Engagement
Objective Division:Economic Framework
Objective Group:Management and Productivity
Objective Field:Management and Productivity not elsewhere classified
Author:Hanson, DJ (Dr Dallas Hanson)
Author:Wickham, MD (Dr Mark Wickham)
ID Code:58039
Year Published:2009
Deposited By:Management
Deposited On:2009-09-02
Last Modified:2014-08-05
Downloads:1 View Download Statistics

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