The ongoing relationship between company and shareholders
A speech by John Price, Commissioner, Australian Securities and Investments Commission, to the Pacioli Society and the Accounting Foundation of the University of Sydney, 8 September 2013
The theme of my address is ‘What should be the ongoing relationship between a company and its shareholders?’
There are many issues that could be discussed when speaking about shareholder engagement – the role of the board, institutional investors, shareholder activists, proxy advisers and the continuous disclosures that are made by listed companies between annual reporting dates to keep the market informed of material changes. But these I fear need to be topics for another evening (or perhaps several evenings!) given time constraints.
So what I really wanted to focus on this evening are the issues of annual reporting by listed companies and the annual general meeting (AGM) ...