Activist shareholders
Murdoch under pressure from US hedge fund to break up his media empire
Starboard Value, which is run by “the most feared man in corporate America”, has built a stake in News Corp and calls for a spin-off of REA Group, its Australian real estate division.
- by James Warrington
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Why Woodside shareholders are rich but not happy
Conscience is trumping returns at Woodside Petroleum as shareholders demand clarity on climate action.
- by Elizabeth Knight
Opinion
AGL Energy
AGL chairman fires up to avoid becoming Cannon-Brookes’ fodder
AGL sits in an uncomfortable position where the board, led by Patricia McKenzie, is technically in control but Michael Cannon-Brookes’ Grok appears to be in de facto charge.
- by Elizabeth Knight
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Kylea Tink
‘Change from within’: Climate independent MP defends fossil fuel shares
Teal independent and MP for North Sydney Kylea Tink says she purchased “small shareholdings” in two fossil fuel companies to understand them better.
- by Michael Koziol
What next for AGL after demerger plan goes up in smoke?
AGL says it will conduct a “strategic review” and has announced a “renewal” of its leadership after abandoning a controversial plan to split the company in two.
- by Jackson Graham
Taxi group in turmoil as CEO follows chair out the door over land swap deal
The chair and CEO of national taxi group A2B quit this week. It follows a revolt by shareholders, who had objected to a land swap deal the company had struck with one of Sydney’s wealthiest families.
- by Anne Hyland
Opinion
Opinion
Nerves of steel: BHP board waits for shareholder vote on emissions
Of the three large proxy firms that advise BHP’s shareholders, Glass Lewis is the first to have made a call and it’s a controversial vote against shareholders supporting BHP Climate Transition Action Plan.
- by Elizabeth Knight
Opinion
Investing
Growth in ethical funds is accelerating, but our ability to assess them isn’t
Are responsible investment funds outperforming because they look at environmental, social and governance factors before allocating their money, or are there other factors at play?
- by Stephen Bartholomeusz
Opinion
Governance
‘Wolf pack’ attack win opens the door for more turmoil
The success of the activist shareholder assault on the Exxon board could encourage more contests where the lines between social and financial activism are blurred.
- by Stephen Bartholomeusz
Opinion
Ethical investing
‘Green washing’ rife as ethical investing dollars roll in
There’s increasing scrutiny of companies and fund managers that profess to be socially responsible.
- by Stephen Bartholomeusz
Opinion
Opinion
Rio braces for the shareholder mob armed with their voting pitchforks
This will be a protest from major shareholders around the world who were livid over the generous parting gift, valued at $48 million, for former chief executive Jean-Sebastian Jacques.
- by Elizabeth Knight