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Greens Concerned by Government Moves to Limit Shareholder Power to Call Special Meetings

The government’s move to increase the number of shareholders who can call a special company meeting could allow institutional investors to block scrutiny of company activity, said Deputy Greens Leader and Finance spokesperson, Adam Bandt MP.

“The government proposes to increase the number of shareholders required before a special company meeting can be called. This could allow institutional investors to block scrutiny of company activity by ensuring extraordinary general meetings never happen,” said Mr Bandt.

“As it currently stands, a group of 100 shareholders can draw the attention of all shareholders to any activities of concern by the company.”

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Abbott's Industry Policy Picks Some Winners, Backs Many Losers & Leaves Science Underfunded

Tony Abbott’s new industry policy identifies some winners but backs many losers, ignores ‘white collar’, ‘pink collar’ and ‘green collar’ industries and leaves science woefully underfunded, said Deputy Greens Leader and Industry spokesperson, Adam Bandt MP.

“You can’t put science at the centre of industry policy while cutting science spending to a 30-year low,” said Mr Bandt.

“Here’s a question for the new ‘innovative mathematics resources’ funded by today’s announcement: if you cut $111m from CSIRO but then only put $12m back into science, where does the country end up?”

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Royal Commission Extension Politically Motivated: Greens

Greens Deputy Leader and spokesperson on Employment and Workplace Relations Adam Bandt has criticised the government’s extension of the Royal Commission into Trade Unions.

“Senator Brandis and the government are playing politics by extending the time and resources of the Royal Commission into Trade Unions.” Mr Bandt said.

“Instead of directing the Royal Commission to look at allegations of corporate corruption, like construction companies bribing Saddam Hussein’s regime, the Abbott government just throws more money at an inquiry into its political opponents.”

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Greens Welcome Push for Casual Workers’ Job Security

Greens Deputy Leader and Spokesperson for Employment and Workplace Relations Adam Bandt today welcomed the ACTU’s push to improve security for casual workers.

“Today’s announcement from the ACTU is a good first step in ensuring more Australian workers get the rights that they deserve,” Mr Bandt said.

"A growing number of Australian workers now find themselves in insecure employment, such as long-term casual employment or rolling contracts.”

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As Deadline Looms, Tony Abbott Doesn’t Know His East From West

The Greens have questioned the prime minister’s illogical addiction to roads, as this afternoon’s deadline for Infrastructure Australia to provide a business case for the East West toll road to the Senate draws near.

“Tony Abbott arrived in Melbourne to spruik the East West toll road but showed he had no understanding of Melbourne or the impact of this monstrous project,” said Mr Bandt.

“Tony Abbott said the East West toll road would relieve traffic on Flemington Road and Hoddle Street, a nonsense that defies reality.

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