Public Relations Institute of Australia (PRIA)
National Golden Target Awards 2008
Client: Chartered Secretaries Australia (CSA)
The Chartered Secretaries of Australia (CSA) benchmarking survey in 2005 found that attendance at ASX Top 200 Company AGMs was at an all time low and retail shareholders were not confident that their proxy would be voted as directed.
A comprehensive public process was created by CallidusPR and the CSA that involved both publicly listed companies, regulatory bodies and politicians as well as shareholders ensuring an introduction of direct voting was an industry wide issue and would be agreed by consensus.
By April 30, 2008, 13 Top 200 ASX listed companies including Westpac, ANZ, Woolworths, Orica, Wesfarmers, Cochlear, Tassal Group Ltd and ING had changed their constitution to allow their shareholders to vote directly.