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Have Your Say

Have Your SayYou asked us

From time to time we hear from shareholders who are dissatisfied and feel powerless to influence what is happening in their company. As a shareholder what can you do to have your say?

Our answer

We encourage you as a shareholder to tell your company what you feel about its performance. There are a number of ways you can do this:

  • visit its website. There may be a page for investors and some companies have an email link for communicating with their shareholders
  • write to all, or some, of the directors with your feedback
  • send your feedback to the company's Investor Relations Unit. Many companies now have these units which tell management and the board what you are saying.

From time to time you will receive quite lengthy documents from your company. Take the time to read them. Sometimes they ask you to vote on a specific proposal. You may still be able to vote without attending a meeting. Look at the documents. Do they include a proxy* form and/or a statement about the right to appoint a proxy? If they do, then you can still vote.

* A proxy is someone who you choose to attend the meeting on your behalf and to vote for you. Sometimes you can tell your proxy how to vote and other times you may leave it up to them. Read the document for information about this

Copyright ASIC, 29 March 2004 http://fido.asic.gov.au/fido/fido.nsf/byheadline/You+can+influence+company+policy?openDocument

This article is not a substitute for independent professional advice. We do not warrant the accuracy, completeness or adequacy of the information or material in this article. All information is subject to change without notice. We and each party providing material displayed in this article disclaim liability to all persons or organisations in relation to any action(s) taken on the basis of currency or accuracy of the information or material, or any loss or damage suffered in connection with that information or material. You should make your own enquiries before entering into any transaction on the basis of the information or material in this article. Please ensure you contact us to discuss your particular circumstances and how the information provided applies to your situation.

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