In my humble opinion, the biggest elephant in the room is the refusal of corporations, and in particular high-flying boards, to actually LISTEN to their shareholders about the outcomes the shareholders seek from their investment in the company.


Despite the fact that corporations are owned by their shareholders, and ASIC, ASX, AICD guidelines all reinforce the obligation of directors to focus on all shareholders; shareholders are still being ignored, patronised, marginalised, threatened and economically alienated from the organisations they own.

To a large extent, directors who having come up from the ranks, have little motivation to change the way they think which got them to where they are today - unless they see the writing on the wall.

Shareholders are getting more vocal, more organised and more ruthless. It's time for the corporate mavens to wake up, listen and focus. Repairing the relationships between boards/directors and shareholders is not hard nor is it painful with clarity of vision and pure intent. It will however, get much more painful shortly when shareholders run out of patience.