Good morning,

The Australian Securities Exchange will review the shareholder approvals required for companies to embark on takeovers in the wake of a backlash over its deeply unpopular decision to allow James Hardie to proceed with a $14bn deal without putting it to an investor vote. 

Meanwhile, UK hedge fund Palliser Capital is ramping up its campaign for Rio Tinto to abandon its London listing, challenging the mining giant’s shareholders at Thursday’s annual general meeting to consider arch rival BHP’s performance in the three years since it ditched a dual-listed structure. 

And energy giant Santos held talks with the NSW government over developing a carbon capture and storage facility at the controversial Narrabri gas project, raising concern from green groups over potential water pollution within the Great Artesian Basin.