Major banks CBA and ANZ have
urged the repeal of a law which allows
activist investors, unions and
environmental groups to pursue fringe causes
by forcing companies to hold costly shareholder meetings.
Thursday afternoon, more than 100 New Yorkers, led
by a coalition of
environmental activist groups, delivered 11,000 signatures on a petition to the Comptroller's office in Manhattan,
urging Thomas DiNapoli to overhaul pension fund investments.