A couple years ago a campaign was raised against RJR Nabisco to force management to spin of the Nabisco unit to shareholders. Two men who held 10 - 15% of the company had this added to the proxy statement and it was put up to a vote by the shareholders.
Can this sort of action be taken against Australian companies? Can Australian companies be sued by shareholders? It seems like their is a new lawsuit by shareholders of U.S companies every week.