The James Hardie Rule is what happens when trust breaks (opens original article in a new tab)

Australia's biggest investors gained more control over M&A deals, allowing them to reject transactions requiring significant share issuance.

• Australia's biggest investors secured a landmark win for shareholder rights
• Company directors, investment bankers, and lawyers lost some power in M&A deals
• Shareholders now have the right to reject M&A deals requiring more than 25% share issuance