If a group of IGR investors were keen to get some of these questions answered, then they could approach the Australian Shareholders association and ask them to to pursue their questions.
I have been at shareholders meeting and seen the ASA asking hard questions of the errant companies directors, they are an active association and have the resources to pursue company directors if they feel there is a case to answer.
I attach an about us for the ASA below
Angers
The Australian Shareholders' Association (ASA) was established as a not-for-profit organisation in 1960 to protect and advance the interests of investors.
The ASA has been successful in raising the standard of corporate governance in Australian companies. The Association continues to press for improvements in transparency and accountability in relation to company performance, executive remuneration, treatment of minority shareholders, risk management and dividend policy.
The ASA liaises extensively with other bodies such as regulators, lawmakers, industry groups and accounting bodies. The ASA represents its members' views on a number of accounting and financial industry bodies.
The ASA holds regular members' meetings all across the country, and is also conducting very cost-effective adult education workshops aimed at improving members' financial literacy.
The ASA comprises a board of directors, a National Office, and branches in New South Wales, Queensland, South Australia, Victoria, the ACT and Western Australia. Directors and other volunteers draw no fee or other remuneration for their services.
The ASA has published a number of policy statements that form the basis of its company monitoring activities. Company monitors in each state review all aspects of larger listed companies' performance, governance and reporting and report back to members via the monthly ASA magazine, Equity. We are a membership-based organisation and are funded by our member subscriptions. Find out more about the benefits of membership here.
