UK AGM Season 2020 Review & Highlights – by FTI Consulting in collaboration with Proxy Insight
Over the past five years, there has been a clear increase in the scrutiny placed on public companies and, overall, the role business plays in society. This has had a knock-on effect on the level of engagement between asset managers and Boards of public companies, with the former feeling the need to challenge the latter to ensure that high standards of corporate governance are being maintained in investee companies. While average support levels have remained consistent over the past five years, as illustrated in Table 1, the percentage of resolutions and companies facing significant opposition (at least 20%) has increased markedly, as illustrated in Figure 1.
The voting data for individual investors is sourced from public documents on each investor’s website.
