In today’s briefing:
- Companies that Fail to Be Accountable Raise Concerns About Their Fulfillment of Management Goals
Companies that Fail to Be Accountable Raise Concerns About Their Fulfillment of Management Goals
- The number of days before AGM a company discloses its annual securities report serves as a litmus test of whether it is conducting management that is accountable to its shareholders.
- An activist investor’s shareholder proposal to change the record date to address the pre-AGM disclosure in annual securities reports and the concentration of AGM dates is indeed the right proposal.
- This reluctance to engage with shareholders is believed to be the reason why capital profitability—an indicator of growth in shareholder value—is not increasing.
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