ShareAction has called on boards to reform AGMs as part of a “purposeful” process that maximises shareholder and stakeholder involvement.
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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The UK’s Financial Reporting Council has published proposals for a streamlined governance code, while research from Mazars, in association with ecoDa, finds compliance with the existing framework to be variable.