Go Salary
MEDIA, JOBS & RESOURCES for the COMMON GOOD
News  | 

The Shareholders' Project


Friday, 19th October 2001 at 1:10 pm
Staff Reporter
The role of shareholders and their relationship with the corporations in which they invest is being examined in a soon-to-be-released nation wide survey of shareholder attitudes and perceptions of investment.

Friday, 19th October 2001
at 1:10 pm
Staff Reporter


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
The Shareholders' Project
Friday, 19th October 2001 at 1:10 pm

The role of shareholders and their relationship with the corporations in which they invest is being examined in a soon-to-be-released nation wide survey of shareholder attitudes and perceptions of investment.

The survey is part of a major national education campaign called the Shareholders’ Project and focuses on the perceptions and attitudes of over 1,000 Australians who own shares.

The project is an initiative by a group of professionals, academics and organisations led by the Myer Foundation. It is designed to provide the first real look at what is becoming an increasingly important issue with more than 50% of Australians now owning shares directly or indirectly through superannuation and managed funds.

Dr. Charles Lane, the CEO of the Myer Foundation says it’s timely to examine the changing nature of the shareholder-corporation relationship.

Dr. Lane says the Shareholders’ Project will play a vital role in driving debate within the investment community about corporate citizenship and shareholder involvement.

He says with such a high share-owning population, education of both shareholders and corporations about their respective rights and responsibilities is a key issue facing the investment community and the community as a whole.

Dr. Lane says many companies are facing the conflicting pressures of balancing financial performance and shareholder returns with emerging expectations about social investments and environmental behaviour, workplace practices and corporate governance.

Individual shareholders can voice concern about particular issues, but they have little impact on a Board’s decisions unless organised as part of a voting bloc – something that is not easy, particularly as Australians are notoriously poor respondents to corporate votes compared with their US counterparts. On the other hand, Institutional shareholders, as large-scale investors, have great capacity to influence decisions in a range of areas and increasingly they are exercising that influence as a matter of policy.

Dr. Lane says the Shareholders’ Project will add knowledge to, and possibly influence, this important process, with the beneficiaries being both shareholders and corporations.

A 22-member Advisory Group has been assembled to implement the Shareholders’ Project drawing from business, academia, government and Not for Profit organisations.

The project is sponsored by the Myer Foundation, the Victorian Department of State and Regional Development, the Council for the Encouragement of Philanthropy in Australia Trust (CEPA), The Lance Reichstein Foundation, Perpetual Trustees Australia Ltd and BP Australia.

The survey results are expected to be released in the next few days and Pro Bono Australia will have a full report in the next e-Newsletter.




Got a story to share?

Got a news tip or article idea for Pro Bono News? Or perhaps you would like to write an article and join a growing community of sector leaders sharing their thoughts and analysis with Pro Bono News readers?

Get in touch at news@probonoaustralia.com.au

Tags : Finance,

 Print

Get more stories like this

FREE SOCIAL
SECTOR NEWS

Write a Reply or Comment

Your email address will not be published. Required fields are marked *



YOU MAY ALSO LIKE

Is shared value the key to solving Australia’s mental health crisis?

Maggie Coggan

Tuesday, 8th October 2019 at 8:23 am

Standardised finance system promises to cut charity red tape

Maggie Coggan

Monday, 22nd July 2019 at 8:16 pm

Predictions for 2019: Impact Investing

Daniel Madhavan

Tuesday, 5th February 2019 at 8:26 am

POPULAR

Our royal commission is not yet a safe place for people with disability

Emma Bennison

Wednesday, 6th November 2019 at 4:59 pm

Disability royal commission begins amid fears around support services

Luke Michael

Monday, 4th November 2019 at 12:58 pm

The toolbox set to democratise charity impact

Maggie Coggan

Thursday, 31st October 2019 at 8:02 am

Mental health system failing vulnerable Aussies

Luke Michael

Friday, 1st November 2019 at 12:29 pm

Go Salary
pba inverse logo
Subscribe Twitter Facebook

Get the social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!