How a $14 billion deal can happen without a shareholder vote
The Fin
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The Importance of Shareholder Voice in Major Corporate Deals
This chapter explores the implications of the James Hardy deal that bypassed a shareholder vote, calling for a revision of ASX listing rules to enhance shareholder participation in major decisions. It also highlights the rising pressure from superannuation funds for transparency and accountability in corporate governance, alongside the reputational risks facing James Hardy due to diminished investor trust.
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