Board CEO Executives remuneration reforms

( ACSI ) Australian Council of Superannuation Investors just released report " Towards Better Corporate Accountability " calls for law changes.

Press release outlines four items :

1. annual Director elections mandate - already in place in UK and USA.

2. non-binding shareholder resolutions - a simple process guiding Directors

3. binding vote every three years on company remuneration policy

4. CEO pay ratio disclosure - already in place in UK and USA

ACSI annual conference this week may provide more publicity about this.

Westpac / Transurban chair / BHP director Lindsay Maxstead says directors have to make greater effort to understand why they attract
so much distrust in the general community. He wants the " power imbalance " addressed.

Labour Party proposes establishing a growth task force its role including corporate governance and reform.

These events follow on from the Hayne Royal Commission revelations on corrupt banking policy / pratcise / behaviours / culture.

CTP shareholders familiar with its history know it involves just about every policy / practise / behaviour / culture making a fascinating
Degree study in numerous disciplines. ACSI modest rather remote / global proposed changes are long overdue and most welcome.

Proposed changes may have constructive outcomes intended and may also facilitate planned co-ordinated researched messianic
political disruptions by activists. Company policy, State laws, and Federal laws review and change should take place addressing
current technologies and behaviours used in attacks on companies.

ACSI proposed changes look good on surface. Do they address effectively immediate local company shareholder disadvantaging
policies / practices / behaviour ? More detailed information and analysis is needed. It is likely changes will be identified and acted on by those doing well from administrative and professional culture rather than small shareholders perspective.

ASX listing rules and administration currently fail to identify and act on sustained systematic incompetence to such an extent it is impossible
to justify. The matter is manifest and indefensible.

Small shareholders recognise and are familiar with these matters and despite their attempts to have them addressed they continue unchecked and recure. It is urgent and essential small shareholders form their own group to drive review / reform / enforcement. Confidence and respect can be
established by small shareholders working together through their own organisation.