2021 AGMs saw two of the biggest global stories play out on the corporate stage – climate change and COVID.
How were listed entities addressing climate change and broader ESG issues? Those answers were framed of course by year two of the COVID pandemic, imposing continued restrictions on gatherings, and challenges for the business agendas under discussion.
In our view, listed entities and Boards generally continued to do a great job responding to the challenges this posed for the AGMs, despite some repeated technical questioning (see Appendix A) and the megaphone media tactics employed by proxy advisers.
Based on our analysis, in 2021, there were no significant changes to voting outcomes from those in 2020. That suggests that shareholders have either continued to believe that ASX listed entities generally navigated the challenges in 2021 well or shareholders again were not prepared to ‘rock the boat’ during another pandemic affected year.
Our key observations of the trends in calendar year 2021 are set out in this report.
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