Ballot Box and Commonwealth

agm: While the unprecedented defeat of the Commonwealth Bank remuneration report at its AGM may not have the global significance of Donald Trump anti-establishment victory, it was driven by the same dynamics, according to Australian Broadcasting Corporation. In both cases, angry voters felt they had been taken for granted and exercised their power at the ballot box to shake things up. Dean Lewins Map Australia At the same time the political establishment of the United States was being overturned by an angry and disillusioned electorate, half a world away at the Perth Convention Centre a similar thing was happening in Australian banking. Never before has a big Australian bank - in this case the biggest and most powerful of the four pillars - been humbled in such a way by its shareholders. Mr Lawrence was very involved in the uprising, being part of an increasingly influential group of businesses advising big investors about governance issues in companies where they park their money. It is huge, was the reaction of Martin Lawrence from the proxy advisory firm Ownership Matters. (news.financializer.com). As reported in the news.