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FRC publishes guidance on running effective AGMs

Before the meeting

During the meeting

After the meeting

Companies should be as transparent as possible with shareholders in relation to matters discussed and raised by shareholders at the GM. This may include publishing written answers to questions submitted. Where 20 per cent or more of votes have been cast against a resolution, the company should explain when announcing voting results what actions it intends to take as required under Provision 4 of the UK Corporate Governance Code.

Engagement throughout the year

Shareholder engagement should not be limited to an annual event. Opportunities to update shareholders on company matters should be offered throughout the year, with an emphasis on transparency and ensuring shareholders have access to similar information. One way of doing this is to use the company’s website more effectively as a repository for recordings of, or slides or summaries from, investor events (including a GM). Companies should consider making presentations delivered at non-confidential stakeholder similarly available.

To find out more, or do discuss how RSM can support you, please get in touch with Tom Proverbs-Garbett, or your usual RSM contact.