@MirCat; as a shareholder I find it very frustrating that governments have stacked the decks against those who are taking all the risks - shareholders.
Shareholders should be able to do much more than government legislation allows them to - including sacking CEOs and CFOs on the spot at AGMs and SGMs as well as denying their 'golden handshakes'.
Nor should banks etc be given priority access to funds when corporations declare insolvency - they're already privy to insider information and ASIC does absolutely nothing to protect the interests of shareholders .. indeed, we get shafted!
