The Federal Treasury is currently considering a proposal to reduce Board transparency and accountability by permanently removing the requirement for Annual General Meetings (AGMs) to be conducted in person.


Federal Treasury is inviting submissions on the draft legislation by Friday, 30 October 2020. I encourage you to join me in arguing for AGM transparency and accountability to be upheld.

We have share investments in a number of Australian Blue Ribbon Companies. Hence our submission.

 If you would like to make a submission, you may use the statement below:

""As a retail shareholder, I oppose the proposed relaxation of companies requirement to conduct transparent AGMs. Without physical meetings, retail shareholders will face yet another disadvantage in accessing companies, asking questions and participating in a transparent process.""

Almost the majority of people in the land are involved in Superannuation funds who then invest in the various financial markets.

Wonder if this applies to Body Corporate AGM's???

This may well be another example of the people of Australia being hung out to dry.

Jay&Dee