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Campaign Partners
Who's In Charge of the Corporation?
"...corporate governance has been shown by the global financial crisis to be absolutely crucial to global social, economic and political stability... The devastating consequences of [that crisis] has bought the shareholder primacy model, the very orienting principle of corporate governance, into question" AARON MAGNER 2009
How do prominent Australian firms measure up in terms of board independence and gender diversity? Although there is good evidence to support the case that more balanced gender representation on boards equals better company performance, there are still very few female directors.
Today 6.7 million people - around 41 percent of the adult Australian population - own shares in publically listed corporations either through direct investments or via self-managed superannuation funds. Adding to Australia's 'shareholder democracy' is the superannuation industry which has 32 million account holders, over $1 trillion in funds under management and owns 23 percent of the shares listed on the Australian Securities Exchange (ASX).
The growth in shareholding in Australia has followed a number of transformations in company structures over the past century. This has included a shift from traditional 'owner-managed' or 'family capitalist' firms, the demutualisation of big insurance and mutual organisations like the NRMA, and the privatisation of government businesses and statutory corporations.
Download Who's in Charge of the Corporation?321.55 KBDownload Who's in Charge of the Corporate? Foldout poster1.52 MB
"Business generally hates regulation but it is the major driver for achieving any change that is not perceived as necessary for business success. For example, in food safety the only reason anything has changed is because of regulation and compliance" CATHERINE HARRIS AO 2009
Hardcopies of the paper and poster are available - contact us to order your copies.
