Australia's big asset managers are ramping up scrutiny of listed company boards. Yet little seems to be changing when it comes to holding individual directors to account for performance: high-profile backlashes against individual directors are still rarities, according to Listed@ASX's Ben Power.
"It's an oversight function and a protection of the interests of shareholders on the downside that's not yet proven to be directly correlated with, say, an increase in dividends or share price appreciation," commented Michael Chandler, Director Corporate Governance, Morrow Sodali Australia.
"We are so far away we can't even see it," he continued, "The company disclosure regime around board skills and board performance simply does not support it at the moment."
Download the pdf file below to read the entire article.
Related News
Governance Lessons to Learn from This Year’s Shareholder Activism
12 September 2024
Sodali & Co announces new international leadership for Capital Markets Intelligence and Investor Relations Advisory Services
06 September 2024
Norges Bank bets on Sabadell and Unicaja, and reduces exposure elsewhere
23 August 2024
Barri Rafferty Awarded 2024 Luminary Award by The Diversity and Flexibility Alliance
15 August 2024
Media enquiries
To contact our global experts for comments please get in touch below.
Contact us chevron_right