Media releases

 

ASA to vote proxies at Ardent AGM

At the Ardent AGM on November 20, ASA will vote a wad of proxies. Six directors are up for election or re-election. While shareholders will be there on the day, the ASA believes it is anyone's guess as to which directors will still be around.

ASA obtains directors' fee haircut at Nine Entertainment

ASA has been successful in having the board of Nine Entertainment respond to shareholder agitation about the high level of non-executive director remuneration at the televesion network.

ASA concerned with differential treatment of shareholders proposed for resources sector capital raisings

Today ASA expressed concern with the announcement by the Australian Government to introduce further differential treatment of shareholders in capital raisings.


A growth opportunity not realised

Today ASA expressed its view that it is regrettable that what appeared to be a great growth opportunity for Slater & Gordon has not eventuated and that shareholders have incurred heavy losses.

ASA disappointed by Network Ten sale process results

Today ASA issued a media release expressing its disappointment that retail shareholders are unlikely to receive any part of the sale proceeds from the sale of Network Ten to CBS.

Shareholders disappointed by Network Ten administrators

ASA today expressed its disappointment at the decision of KordaMentha, administrators of TEN Network Holdings, not to allow shareholders and the media access to Monday’s first creditors’ meeting.

ASA concerned by situation at TEN Network Holdings

ASA is concerned about the governance and trading situation at Network Ten as 17,000 retail shareholders face the prospect of losing 100% of their investment if administrators are appointed as early as this week.

ASA says don’t use shareholder funds if you don’t have to

The ASA has called for companies to consider whether using shareholders’ funds to call and hold an extraordinary general meeting (EGM) for issues that are not time-critical is in the best interests of shareholders.

ASA leads reform of AGMs

The ASA held a hybrid AGM, the first not-for-profit to do so, leading the way in showing listed entities how to hold a contemporary AGM utilising technology.

ASA focuses on CEO pay ratio and capital raisings in 2017

ASA has released its revised Voting Guidelines and 2017 focus issues. Among other things, ASA will focus on the disclosure of a CEO pay ratio and capital raisings.