The ASX said this would be the first step toward a "review of shareholder approval requirements," including the circumstances in which companies need to disclose a waiver from the listing rules.
The Australian Stock Exchange will review requirements for shareholder approvals in mergers and acquisitions, following James Hardie Industries Plc's A$14 billion ($11.76 billion) deal in March to take over AZEK Co.
In a statement on Sunday, the ASX said Australian institutional investors had voiced concerns about current shareholder approval requirements and that the exchange would update an analysis from 2017.
