Press Release 2021 AGM Review (1) 2021.05.06
- KCGS analyzed the shareholder proposals put forward for consideration at the annual general meetings of companies during the period from 2018 through 2021, along with the companies' responses.
- The findings show that the companies receiving shareholder proposals and the number of agenda items proposed are trending up. The notable trends include the objectives and the contents of the proposals are more concrete than in the past and represent shareholder interest more directly. Also, shareholder proposals increasingly have a positive impact on corporate governance improvements at the targeted companies.
- The findings from our analysis of shareholder engagement cases indicate that when the insider ownership is low and a shareholder proposal is filed, changes in governance practices can be brought about regardless of the approval status. This is a good reference point for future engagement and attracts the attention of all shareholders.
For the details, please check the attached file.
- [KCGS-R] 2021 AGM Review(1) Shareholder Proposals and Company Responses.pdf