Covid presents an opportunity to overhaul the AGM process to reflect the increasing focus of companies and stakeholders on ESG issues.
In a world which is increasingly focused on responsible capitalism and environmental, social and governance (ESG) factors, the role of AGMs has never been more important. Climate change, diversity, supply chain issues, audit and assurance policies, and corporate culture are just a few of the issues that need to be discussed. AGMs are—or at least should be—pivotal to achieving good corporate governance. They have a critical role when it comes to restoring trust in business and enabling companies to build back stronger as we progressively emerge from Covid and its consequences. Yet institutional investors, who generally own over 90% of a listed company’s shares and most of whom preach the virtues of ESG investing, continue to be c