The whole thing is a big nothing burger. From the dollar amount involved, to the decision to do it. It's akin to spending on ESG, which can also be viewed as a waste of shareholder money. Boards and managements these days need to factor in all stakeholders far more than in the past. In the past, shareholders were number 1, and employees, local communities and the broader public were a far distant second. The environment was only a relevant consideration if you were breaking EPA laws. Unfortunately for shareholders, money must be spent to satisfy ESG concerns, and this is a small attempt to do a little of that.
I view the decision by the board to empty the spare change in Wesfarmers pockets for this cause as simply a way of expressing that they care about other stakeholders, not just shareholders. It doesn't bother me a lot, but I am not passionate one way or the other about the Voice either, so maybe I am looking at it in an emotionless way. I hope all of my investing is done that way.
It is about $0.001 per share outstanding. Meh.
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