Bruce Wallace Associates London
Bruce Wallace Associates London

Blog

April 2019

4 April, 2019

AIMING TO BE AGM READY

As the 2019 AGM season is now underway, boards of directors should be briefed on the voting guidelines and principles recently published by proxy advisors and investment groups.These are followed by many investors and raise a number of new governance issues that may not have been formally reported on yet, as well as give updates on issues covered in previous years.

Investors and proxy advisors will be analysing reports and company announcements for statements and indicators of how companies are attempting to address these topics.Whilst the requirement to report against the 2018 UK Corporate Governance Code is not expected until next year, companies should be ready to respond either during results calls, in investor meetings or at the AGM itself on the company’s approach to a particular matter and any steps being taken in readiness for next year.AIM companies should also take appropriate note of the guidelines and principles published as they cover many of the topics that they will have been assessing recently following adoption of recognised governance code.

Whether the matters have not been formally disclosed or indeed are issues that have been addressed in the annual report but would benefit from further explanation, directors may want to be proactive in contacting investors to discuss these matters in advance of the AGM during the proxy voting season. This may assist in ensuring the smooth running of the AGM itself.

Bruce Wallace Associates can assist in preparing for your AGM, either in relation to governance matters or in terms of preparation and running of meetings.

Please contact Anne-Marie Palmer (anne-marie@brucewallace.co.uk) if you would like to receive further details on each of the guidelines and principles which have been published for the 2019 AGM season, including:

  • Institutional Shareholders Services (ISS) proxy guidelines for meetings held on or after 1 February 2019
  • Glass Lewis 2019 Proxy Voting Guidelines
  • Investment Association’s Principles of Remuneration 2019, including IVIS policy changes on gender diversity on boards and pension contributions for executive directors
  • Pension and Lifetime Savings Association (PLSA) Corporate Governance Policy and Voting Guidelines 2019.

Martha Bruce

martha@brucewallace.co.uk

Susan Wallace

susan@brucewallace.co.uk

Chloe Higgins

chloe@brucewallace.co.uk

Adrienne Graham

Adrienne@brucewallace.co.uk

Anne-Marie Palmer

anne-marie@brucewallace.co.uk

Registered office:
118 Pall Mall
London
SW1Y 5ED.

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