Leading investors have called on company board directors to have more “skin in the game” by increasing their ownership of shares in the organisations they represent, as ASX 200 boards gear up for the annual general meeting season.
Mr Wylie argues that directors holding more shares in the companies they direct would introduce a greater “ownership mentality” in the boardroom, better aligning directors’ interests with shareholders. Mr Williams says this has two outcomes: “It requires directors to think more like shareholders rather than just guns for hire, and secondly it weeds out those people who are just there for the income.”
Australian companies found themselves sitting on a cash pile of almost $40 billion this year, after unwinding capital buffers built up during the pandemic, which are now fuelling a spree of acquisitions, buybacks and also record dividends.
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‘Ownership mentality’: Board directors need bigger stakes in their companies, say investorsInfluential investors say board directors need to think more like shareholders rather than just guns for hire, and think twice before pressing the button on dilutive capital equity raisings. Board Directors are only there to comply with laws concerning larger companies, and to offer previously earned expertise. Sometimes a board member has NO experience whatsoever in the company. Its the owner of the company who should get the profits. Seriously, so governance is to be ignored?
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Small camping company returns $51,000 in JobKeeper paymentsJames Woodford, the director of Hipcamp Australia, said the company had decided to voluntarily return $51,000 in payments after bookings took off for the organisation’s listings across Australia after lockdown last year. juliepower A company with ethics, one I’d be happy to support. juliepower Small businesses deciding to voluntarily give back money doesn't make up for the fact the Liberals were completely reckless with taxpayer money When it comes to welfare - robodebt and legal threats For businesses - heres all this money, no questions asked! Billions wasted juliepower Somebody at least is being honest.
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Small camping company returns $51,000 in JobKeeper paymentsJames Woodford, the director of Hipcamp Australia, said the company had decided to voluntarily return $51,000 in payments after bookings took off for the organisation’s listings across Australia after lockdown last year. Just check out Hipcamp. Will definitely being booking in! Why aren't those 'godly' halls of FABLES returning the taxpayer money?
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