As part of my series Retail Shareowners – Facilitating Votes and Activism (see Part 1 and Part 2), I have begun looking more closely at the Australian Shareholders’ Association (ASA). In researching their activities I came across the videos below of interviews with Don Hyatt. Most are somewhat dated but they still provide interesting background. Shareowners in the United States might do well to create an organization modeled after the ASA.
In this video, Don Hyatt says the ASA will be keeping a close watch on the then current reporting season to ensure companies are balancing growth with regular dividend payments.
Don Hyatt – Australian Shareholders Association
This was part of Series 7 Episode 11 of “Dollars with Sense,” that went to air on Channel 31 Melbourne on Monday 13 August 2012.
This next video is another interview with Don Hyatt from the Australian Shareholders Association. This was part of Series 7 Episode 12 of “Dollars with Sense,” that went to air on Channel 31 Melbourne on Monday 20 August 2012.
Hyatt discusses the ‘pointy end’ of ASA activities, including representing shareholders at annual meetings. We are helping to ensure corporate officers work on behalf of shareholders, rather than being self-serving. If a company doesn’t make a profit above average, they shouldn’t be getting a bonus.
Don Hyatt – salary excesses and bonuses for executives
Interview with Don Hyatt from the Australian Shareholders Association about salary excesses and bonuses for executives.
This was part of Series 8 Episode 1 of “Dollars with Sense,” that went to air on Channel 31 Melbourne on Monday 17 September 2012.