In contrast to a previous AGM I attended, this AGM was conducted in a sensible way, with all the presentations made and shareholders questions answered before the vote was held by way of a ballot. The board pre-empted a minor shareholder rebellion against the Directors’ Remuneration report and the authority to allot additional shares in terms of section 551 of the companies act, by communicating this to the shareholders present and explaining that the remuneration is in line with the triennial Remuneration policy agreed by the shareholders and that authority to issue additional shares is in line with the Investments Association’s Share Capital Management Guidelines. Proxy votes against these resolutions were received before the meeting, but the final outcome was that…
Click here for the complete AGM report if you are a full member of ShareSoc, as these reports are exclusive to our full members. The above is only an introduction to the full report, which contains much more information. Further information about access to our AGM reports can be found here.