Business
Geoff Wilson to lead investor army against virtual AGMs – The Australian Financial Review
The fund manager has labelled virtual AGMs “undemocratic and grossly unfair to millions of Australian retail investors”. He said the plan will shift the balance…
Veteran investor Gary Weiss, fund manager Sandon Capital and proxy advisory firm ISS have also voiced concern.
There is also frustration with a consultation period that runs for just two weeks and ends on Friday right in the middle of AGM season, when many investors are experiencing virtual AGMs for the first time.
Treasurer Josh Frydenberg extended the relief for virtual AGMs and electronic document signing until March 2021 back in July.
The proposal to make the changes permanent was part of Prime…
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