News Pronto

The Conversation

What limits shareholder activism as a force for good: the free-rider problem

Shareholder activism involves directly engaging with directors and executives of companies to effect

The board of Australia’s second-biggest bank is in for some stick at its annual general meeting today, as Westpac shareholders vent their displeasure at the scandal involving breaches of anti-money-laundering rules.


Read more: What limits shareholder activism as a force for good: the free-rider problem

More Articles ...

  1. How New Zealanders miss out on hundreds of thousands in retirement savings
  2. Don't blame the Murray-Darling Basin Plan. It's climate and economic change driving farmers out
  3. Why the profit motive fails in education
  4. Key trade rules will become unenforceable from midnight. Australia should be worried
  5. Litigation is the real reason financial reports are becoming harder to read
  6. Vital Signs: Australia's slipping student scores will lead to greater income inequality
  7. GDP update: spending dips and saving soars as we stash rather than spend our tax cuts
  8. How plant-based meat is stretching New Zealand's cultural and legal boundaries
  9. Limiting cash payments to $10,000 is more dangerous than you might think
  10. Westpac ticking every anti-money-laundering box wouldn't make much difference to criminals
  11. Banning Huawei could cut off our nose to spite our face. Good 5G matters
  12. Vital Signs: let's not weep for Westpac's board, but directors do need help
  13. Robodebt failed its day in court, what now?
  14. Uber might not take over the world, but it is still normalising job insecurity
  15. Now we know. The Reserve Bank has spelled out what it will do when rates approach zero
  16. What the US defence industry can tell us about how to fight climate change
  17. Westpac's panicked response to its money-laundering scandal looks ill-considered
  18. The RBA has a new brain. It has thoughts on what'll happen after interest rates hit zero
  19. How Westpac is alleged to have broken anti-money laundering laws 23 million times
  20. We're delaying major life events, and our retirement income system hasn't caught up
  21. That moving graph of US tax rates that went viral, it's probably wrong. Here's why
  22. Westpac's scandal highlights a system failing to deter corporate wrongdoing
  23. Vital Signs. Untaxing childcare is a bold idea that seems unfair, but might benefit us all
  24. Smoke haze hurts financial markets as well as the environment
  25. NZ remains unscathed by US-China trade war, but that's no reason for complacency
  26. Innovation competitions are the next big thing. Here are 8 ways to make them work
  27. Make the study of economics more sexy : Chris Bowen
  28. There's a yawning gap in the plan to keep older Australians working
  29. Government to inject economic stimulus by accelerating infrastructure spend
  30. We modelled 4 scenarios for Australia's future. Economic growth alone can't deliver the goods
  31. Please, no more projections. What we need are predictions, and they're harder
  32. An 8-year-old made US$22 million on YouTube, but most social media influencers are like unpaid interns
  33. Conditions built into Frydenberg's okay for Chinese baby formula takeover
  34. Climate change: why Sweden's central bank dumped Australian bonds
  35. Vital Signs. Might straight down the middle be the source of our economic success?
  36. Up the creek: the $85 million plan to desalinate water for drought relief
  37. The robbery of the century: the cum-ex trading scandal and why it matters
  38. Why Australia's first securities class action judgment (sort of) cleared Myer
  39. Shareholder activism might sound good, but it's delusional to think it will change anything much
  40. No, a 'complex' system is not to blame for corporate wage theft
  41. Vital Signs: does monetary policy work any more?
  42. Australia's drought relief package hits the political spot but misses the bigger point
  43. This laundry is changing the vicious cycle of unemployment and mental illness
  44. India's not joining the latest free-trade deal which limits Australia's market access
  45. Asylum seekers left 'desperate' and 'helpless' when they try to find work in Australia
  46. We asked 13 economists how to fix things. All back the RBA governor over the treasurer
  47. There's mounting evidence against cashless debit cards, but the government is ploughing on regardless
  48. Behind those headlines. Why not to rely on claims robots threaten half our jobs
  49. 5 charts on what a Newstart recipient really looks like
  50. Politics with Michelle Grattan: Ross Gittins on the government's 'surplus obsession'