How a $14 billion deal can happen without a shareholder vote

This week on The Fin, James Thomson and Joyce Moullakis on James Hardie’s latest controversy, why shareholders don’t get to vote and what they want to change.

This podcast is sponsored by Aussie Broadband

Further reading: 
The great ASX investor uprising delivers very hollow victory
The hated James Hardie takeover of a US group is going ahead, but investors have at least won some important concessions.
Inside the biggest investor uprising in three decades
Investor anger over the James Hardie deal is being compared to 1993’s investor rebellion against Murdoch’s plans for “super voting shares”. Now the ASX is in the gun.
ASX compliance chief rejects rule gaming suggestion
Daniel Moran likened the ASX’s role in the controversial James Hardie transaction to that of a referee on a sporting field.

See omnystudio.com/listener for privacy information.