CORPORATIONS ACT 2001 - SECT 232
Grounds for Court order
The Court may make an order under section 233 if:
(b) …
(c) a resolution, or a proposed resolution, of members or a class of members of a company;
is either:
(d) contrary to the interests of the members as a whole; or
(e) oppressive to, unfairly prejudicial to, or unfairly discriminatory against, a member or members whether in that capacity or in any other capacity.
This section of the act refers to members not holdings
Would an individual shareholder with large holdings could be considered acting in oppressive manner if this individual motive is simply voting on climate change.
Thanks for the in species explanation.
I've learnt something new.
News: BHP UPDATE 1-BHP's London investors endorse climate change plan, page-24
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