Leaders

LeaderL&G AGM Directors not afraid of shareholders

    Legal & General’s directors are a beacon of hope and hopefully a bellwether for others. L&G is facilitating shareholder engagement in person and on line. This is...

LeaderPress Release – Baillie Gifford partners with ShareSoc to back individual investors

Baillie Gifford is joining ShareSoc’s Corporate Supporter Scheme, underlining the importance it places on individual investors. Baillie Gifford is an independent global asset manager, headquartered in Edinburgh. With £197bn of assets under management, of which £22bn sits within its popular range of 12 investment trusts. These trusts attract a large individual investor base. ShareSoc is the leading not-for-profit organisation dedicated to representing and supporting UK individual investors. It is a fervent campaigner for fair treatment of individual investors with a heavy focus on ...

LeaderLaw Debenture encouraging increased AGM attendance

Shareholders are encouraged to invite a guest so they can experience an AGM Law Debenture Corporation (LWDB) will hold its AGM on 11th April at the Peel Hunt offices in London. ShareSoc is pleased to see that not only is Law Debenture holding a hybrid AGM, allowing in-person or online attendance, but they are also encouraging shareholders to invite a guest, to allow them to experience what an AGM is like. A great initiative, which is part of Law Debenture's financial education ...

LeaderPress Release – ShareSoc & Edison join forces

Edison and ShareSoc join forces to improve access to investment information Investor Relations expert Edison has joined forces with ShareSoc, the UK’s premier membership organisation for individual investors to improve access to listed company information via innovative delivery channels. ShareSoc has been a fervent campaigner for improved individual investor access to information and research on listed companies, to facilitate more informed investment decisions, to exercise shareholders’ rights and to promote stewardship at the individual shareholder level. Edison is a leading provider of Research and ...

LeaderITV Offers Access to All Investors on Results Call

Kudos to ITV plc for making this morning's results call fully accessible to all investors. They did this by 1) making their results presentation available on their website; 2) offering a Zoom webinar at 9am to all investors in which participants could ask questions live, orally. I didn't try to ask any questions myself so cannot confirm whether individual investors questions would have been taken in the same manner as the many analyst questions. Everyone was able to use the Zoom "raise ...

LeaderNewRiver REIT Open Interim Results Call

NewRiver has shown the way with their interim results call today. Their call was open to all investors and analysts simultaneously, providing a truly level playing field for individual investors. The call allowed all participants to ask questions and hear the answers. Sadly, this is unusual, with most companies either offering their individual investors a separate, later results call, or not offering anything at all for individual investors, whilst providing an opportunity only for analysts and institutions to quiz management. ShareSoc calls on all ...

LeaderUltimate Products (UPGS): Showing the Way in Shareholder Engagement

I was delighted to receive an invitation via research house, Equity Development, this afternoon to attend two events organised by LSE listed UPGS. Firstly, a presentation of their annual results on 3rd November, with an opportunity to ask questions and then a virtual showroom tour on 1st December. Too many listed and quoted companies restrict their results presentations to analysts and institutional shareholders, so it is good to see UPGS setting a good example and extending an invitation to all current and prospective ...

LeaderBHP Shows the Way With Covid-constrained AGMs

Like other companies, BHP will not be admitting shareholders to its AGM, due to current Covid-19 restrictions. Unlike many others, however, it is doing the next best thing and holding an online "shareholder forum" on 23rd September ahead of the proxy voting deadline of 13th October, for registered shareholders voting online. If, like most individual shareholders, your shares are held in a nominee account, you should check with your broker/platform what the deadline is for submitting votes through them. This meeting will enable ...

LeaderSomero AGM: A Good Attempt

I would like to commend Somero (AIM:SOM) for making a good attempt to engage with investors at the their AGM, despite Covid-19 restrictions. Their approach contrasts with that of many companies that have ducked the issue and simply closed their AGM to shareholders. Ahead of their AGM today, Somero announced web and telephone access for their AGM, which I have just participated in. The web link allowed audio access and gave shareholders the ability to ask questions. The technology worked well and ...

LeaderExemplary Remuneration at Judges Scientific

I recently commented negatively on the remuneration section of the Annual Reports of Greggs and Avast. Today I read another Annual Report from Judges Scientific (JDG) and it’s a completely different story. I have held shares in this company which is a scientific instrument maker since 2010. The share price then was 327p. It’s now 4940p. Led by CEO David Cicurel in that period, as the Annual Report says the “Management is focused on shareholder value – profitability, cash generation, debt reduction, ...

LeaderShell: Leading the Way for AGMs in Covid Times

Shell has today announced a webcast for all shareholders, ahead of the proxy voting deadline for its AGM. It's slightly disappointing that only written questions will be taken, preferably submitted ahead of the webcast. It's also a bit of a concern that the webcast is only two days before the proxy voting deadline, which may not be sufficient time for those holding shares in nominee accounts to submit their votes. It is understandable that Shell may not have been able to set ...

LeaderBT’s CEO Sets a Good Example

The BBC is reporting that BT's CEO will donate half his annual salary to charity and has promised not to lay off staff. Setting a good example that other CEOs on generous packages should follow at this time when individuals and H.M. Treasury are making big sacrifices to protect the nation's health and economy. It should be noted, however, "half his annual salary" appears to refer to his BASE salary, as reported in more depth, here: https://www.cityam.com/bt-gives-staff-pay-rise-as-chief-executive-donates-salary/ His MAXIMUM salary, including potential cash and ...