28 February, 2021

Boards urged to reform AGMs as part of post-pandemic strategy

ShareAction has called on boards to reform AGMs as part of a “purposeful” process that maximises shareholder and stakeholder involvement.

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Boards have been called upon to improve and rejuvenate their annual general meetings after a year in which four out of five FTSE 350 companies staged their AGMs behind closed doors. A letter to company chairs from responsible-investment campaigners ShareAction calls on boards to absorb the lessons of the pandemic and revive the AGM as a “purposeful, on-going, values-based” process through which companies and their boards “gather insight and input from shareholders and stakeholders”. Simon Rawson, director of corporate engagement at ShareAction, writes: “Unlike in spring 2020, when companies were thrust into uncertainty at high

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AGMs, board responsibilities, board strategy, coronavirus, corporate governance, section 172, ShareAction, shareholders, stakeholders