Dick Humphry, inventor of shareholder democracy, dies at 85
A man whose habits and approach were set in the “old school”, Richard Humphry nevertheless led a technology-driven revolution in Australia’s finance markets
Richard (Dick) Humphry, who drove the demutualisation and listing of the ASX, paving the way for record Australian share ownership, died of brain cancer on February 28. He was 85.
Humphry “corporatised, globalised and turbocharged the ASX”, giving birth to “all the disciplines of a shareholder democracy”, according to Matthew Gibbs, a former ASX manager of communications.
Andrew ClarkSenior writerAndrew Clark is a former editor of The Sun-Herald and Australian Business. He was a correspondent in Europe and North America, a political correspondent in Canberra and has been a journalist for more than 55 years. Email Andrew at aclark@afr.com.au
