You own some shares in a company — now what?
Our work has been featured by The Business on ABC News.
The Australasian Centre for Corporate Responsibility holds shares in Australian listed companies and other shareholders also allocate it their votes, to hold companies accountable on environmental and social issues.
"Shareholder resolutions I think are becoming a preferred tactic and strategy of ours but also of institutional capital in trying to transform companies," ACCR executive director Brynn O'Brien says.
"Filing a shareholder resolution creates a moment for the private views of major institutional shareholders but also retail investors to come out into the public and for that conversation to be had in a time-limited, powerful and direct way."
Brynn O'Brien expects attitudes to climate risks to be of increasing importance when activists and investors decided whether to support director elections.
"We will see director accountability, so the positions of directors on corporate boards where those boards are not climate competent … those positions will be up for grabs," she says.
A long-time member of our shareholder community - Pam O’Connor - was also interviewed for this feature.
She has purchased small holdings of $500 in companies ACCR wants to target, in order to be one of the 100 shareholders backing a resolution.
"It's a great way to be involved. It makes a small amount of capital that you may have, make a difference."
Watch the full story.