![Market IQs_australia Market IQs_australia](http://www.issgovernance.com/wp-content/uploads/2014/09/Market-IQs_australia.jpg)
Abstract
Australia has a majority vote standard for director elections and relatively liberal ballot access rules.
Takeovers are governed by a shareholder primacy doctrine with most formal anti-takeover devices prohibited.
All Australian domiciled listed companies are subject to annual mandatory advisory votes on executive remuneration.