ABL Corporate Law Seminar Series - Shareholder Activism

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Event Details

Date:
10 April 2019 at 12:30 pm – 10 April 2019 at 2:30 pm
Venue:
Room G09, Law Building, 15 Ancora Imparo Way, Monash University Clayton Campus (Primary room) + Lecture Theatre H5, Menzies Building, 20 Chancellor's Walk, Monash University Clayton Campus (Overflow room)
Cost:
Free

Description

Seminar 2: Shareholder Activism

Shareholder Activism - leveraging the law as a tactic to effect change in listed companies

Are shareholders powerless to act when a company board makes poor decisions or destroys shareholder value? Or do shareholders have the ability to force change? Must a board act at the behest of its shareholders? We will examine, through a case study, the legislative tools that can be used by shareholder activists to requisition a general meeting and pressure boards to respond to activists’ demands. Jonathan and Jeremy will also examine how boards can respond to shareholder activists, and how these competing interests played out in recent high-profile examples, including:

  • The restoration of Praemium’s CEO following his ousting;
  • Solomon Lew’s attacks on Myer and David Jones;
  • Ariadne’s influence on Ardent Leisure; and
  • AMP’s response to shareholder pressure.

Topics:

  • Shareholder activism
  • Calling meetings
  • Requisitioning resolutions at meetings
  • The “two strikes” rule
  • Nominating and removing directors

Presenter(s):

Jonathan Wenig

Partner - Corporate and M&A, Capital Markets, Technology, Media & Telecomms, Shareholder Activism

Jonathan Wenig’s practice and expertise spans the breadth of commercial and corporate law, including mergers and acquisitions, corporate work, technology and financing. He is a trusted advisor to numerous active and innovative public companies–bringing his intellect and experience to bear not only in their corporate matters and acquisition activities, but across their legal affairs and strategic challenges and opportunities.

Jonathan has also acted on and managed some of the most complex and important private transactions in the Australian marketplace. Jonathan’s specialties are expressed in his strategic insight, his skills of analysis and communication, and the breadth of his business experience across a range of industry sectors, including internet, manufacturing, agriculture, retail, health and banking.

Jonathan is ranked as one of Australia’s leading Corporate and M&A lawyers in successive editions of Chambers Asia Pacific, where he is praised “for his ability to find practical solutions to complex corporate risk and governance issues.” The Legal 500 Asia Pacific consistently highlights him in this area for his ability to “quickly dissect the important issues.” He is also recognised by Best Lawyers® International in the area of Corporate and M&A law and is consistently ranked by Doyle’s Guide for his expertise in Private Equity and Corporate law. At the 2015 Lawyers Weekly Australian Law Awards, Jonathan’s team was awarded ‘Transaction Team of the Year’.

Jonathan has an honours law degree from The University of Melbourne. He completed his articled clerkship with Arnold Bloch Leibler in 1995 and was admitted to the partnership in July 2001.

Jeremy Leibler

Partner - Corporate and M&A, Capital Markets, Shareholder Activism

Jeremy Leibler practises in commercial and corporate law with a particular focus on mergers and acquisitions, takeovers and takeover defences, public and private capital raisings and shareholder activism and board disputes. His major clients include both listed public companies and private entrepreneurs.

Jeremy is a non-executive director of ASX listed Thorney Technologies Limited. He is also a member of the Australian Takeovers Panel, having been appointed by the Governor General, the Hon Sir Peter Cosgrove, in 2015. Jeremy has an intimate knowledge of the law and market practices relevant to listed companies in Australia and is frequently quoted in the media. He is a regular speaker on takeovers, shareholder activism, proxy advisers and related issues. In 2016, he partnered with Activist Insight to produce a report providing the first detailed analysis of activist investing trends and insights in Australia.

Jeremy is recognised for his expertise in corporate/M&A and capital markets in prominent international guides to law firms, including Chambers Asia Pacific and The Legal 500 Asia Pacific. He is also recognised by Best Lawyers® International in the area of commercial law and has been ranked by Doyle’s Guide Australia as ‘pre-eminent’ in the categories of private equity and corporate/M&A in Melbourne.

Jeremy is a member of the Corporations Committee of the Business Law Section of the Law Council of Australia, a member of the Australian Institute of Company Directors and of the International Bar Association.

Register here.

About the Corporate Law Seminar Series

Monash University in partnership with Melbourne's leading law firm Arnold Bloch Leibler (ABL) is proud to be hosting the ABL Corporate Law Seminar Series. This is a series of four seminars spanning across Semester 1 and 2 and covering various aspects of the unit Corporations Law (LAW3112) for undergraduate and Principles of Company Law (LAW5011) for postgraduate cohorts. These seminars will be conducted by guests (Partners and Lawyers) from ABL and will coincide with the timings of relevant topics of the unit to maximise impact. The lectures will also be recorded and available as a unit resource to students through the University's learning platform.

The seminar series is a mix of lectures, case studies, analysis of real life examples and presentations covering various aspects of the Corporations Law or Company Law course. It will also provide you an opportunity to network with the presenters as well as graduate recruitment staff from ABL who would be happy to speak with you about your career path.

The event is fully catered. Details of each of the seminar and the topics covered can be found below. Please note that registrations for each of the seminars are to be done separately through the link provided.

About Arnold Bloch Leibler (ABL)

Arnold Bloch Leibler (ABL) is one of Melbourne’s most revered and prominent law firms, renowned for its commitment to excellence and its forward-thinking approach. ABL's standing within the legal profession has been built over more than 60 years. Many of the values, characteristics and defining qualities from ABL's early beginnings continue to shape the firm as it stands today.

ABL prides itself on providing strategic guidance and solving complex issues related to clients’ commercial interests, legal position and reputation. Operating as a professional practice rather than a corporatised business, ABL offers a small firm feel with a big firm reputation, possessing influence within legal, business and political circles.

ABL brings together the expertise of following Partners from seven of its fourteen Practice Groups in delivering the Corporate Law Seminar Series for the benefit of Monash Law students.