PPRuNe Forums - View Single Post - MERGED: Alan Joyce and the room of mirrors
Old 26th Nov 2011, 13:47
  #176 (permalink)  
DirectAnywhere
 
Join Date: Sep 2003
Location: Somewhere on the Australian Coast
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It is an interesting question re voting rights of shareholders.

The vast majority of shares in Australian companies are held by institutional investors who invest in shares for mum and dad investors for superannuation, managed funds etc.

The voting rights, however, are vested in the directors and trustees of the funds rather than the final owners of the shares. Perhaps it is overdue that the real owners of the shares are given the option to direct their proxies as they see fit rather than the default position of the fund managers.

It would be chaos but geeze it would be fun to watch! Once the smartest guys in the room realise that real 'little' people are empowered to have their say it might change things a little.
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