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How should small shareholders have a choice? Lessons from Gunns Ltd extraordinary general meeting.

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Hanson, D and Wickham, M (2009) How should small shareholders have a choice? Lessons from Gunns Ltd extraordinary general meeting. Corporate Ownership & Control, 7 (1). pp. 160-167. ISSN 1727-9232

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Abstract

In Australian corporate governance, Section 249D of the Corporations Act 2001 gives small shareholders a voice by empowering them to call for an Extraordinary General Meeting (EGM). We discuss the principles behind this section, and illustrate its action with the case of Gunns Ltd, a logger of old growth forests in the green oriented island state of Tasmania. Out conclusion is that the section needs to be redrafted with more stringent conditions attached to calling an EGM but while still empowering small shareholders.

Item Type: Article
Keywords: Governance, Stakeholder, General Meeting, Pressure Group
Journal or Publication Title: Corporate Ownership & Control
Page Range: pp. 160-167
ISSN: 1727-9232
Additional Information: © 2009 Virtus Interpress
Date Deposited: 07 Sep 2009 23:26
Last Modified: 18 Nov 2014 04:05
URI: http://eprints.utas.edu.au/id/eprint/9166
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