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Chanticleer

Once again, investors' rights are being gnawed at

The proposal to make temporary rules allowing virtual annual general meetings permanent will hamper transparency and accountability.

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Chip, chip chip. Under the cover of COVID-19, the federal government is chipping away at the rights of small investors – the same small investors that helped it retain office at last year’s election.

This is perfectly illustrated by the fact that Geoff Wilson, who last year led an exceptionally effective campaign against Labor’s attempt to kill off franking credit refunds, is set to lead his army of 90,000 retail investors into battle against the government’s proposal to make temporary rules allowing virtual annual general meetings permanent.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/chanticleer/once-again-investors-rights-are-being-gnawed-at-20201026-p568j0