In today’s briefing:
- Need to Shift from Obsession with Controlling AGM to Sharing the Value of Engagement
Need to Shift from Obsession with Controlling AGM to Sharing the Value of Engagement
- The fact that the FSA did not request filing “more than three weeks in advance” rather than “a few days before the AGM” suggests how much resistance companies are encountering.
- It is not easy to get a company that is concerned about losing control of an AGM to allow the AGM to be moved to a later date.
- The tactic of controlling AGM is opposite of interacting with shareholders. Companies that have already converted to management that creates value through engagement aren’t expected to adhere to such tactics.
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