Required – Complete both Task A and Task B
Task A (55 marks)
Explain the intended purpose, or role, of the Annual General Meeting (AGM), and discuss whether the AGM fulfils that role. In your response consider challenges of shareholder engagement and the impact and effectiveness of the ‘two strike rule’.
Support your answer by reference to relevant cases and legislation.
Hint
You may find it useful to read relevant chapters of the 2012 report by CAMAC (Corporations and Markets Advisory Committee) addressing issues of the AGM and shareholder engagement, and to consider similar publications.
Task B (45 marks)
In March 2015 the Senate considered – and passed – the Corporations Legislation Amendment (Deregulatory and Other Measures) Bill 2014 (Cth). If the Bill receives Royal Assent, what impact, if any would there be on the ‘100 member rule’ and do you consider this to be a positive or negative impact? Why?
Hint
Consider s249Dof the Corporations Act 2001 (Cth).
