Welcome to KWM’s deep dive into ASX200 AGMs in 2022
Companies and shareholders got ‘back in the room’ for AGMs in 2022, casting off COVID restrictions to reconnect face to face, and face into the climate challenge (among others)!
Format of AGMs 2022 v 2021
Key observations for 2022
- For more than half the ASX200, hybrid meetings were the preferred AGM format but many are reverting to fully physical meetings
- Constitution refreshes were popular and overwhelmingly supported by shareholders, though amendments for fully virtual AGMs continue to raise questions for some
- Fewer strikes on remuneration
- Fewer shareholder requisitioned ESG resolutions, and those put forward received less support from shareholders
- All 8 ‘say on climate’ resolutions passed
- Vast majority of candidates standing for election and re-election received support of 95% or more, demonstrating overwhelming shareholder support
Breakdown of entities requisitioned with ESG resolutions by industry/sector
To read our in-depth analysis of the data, key trends and what they mean for how companies can continue to connect with shareholders in a world of increasing technology and increasing scrutiny on ESG issues, please click below to download the full report.
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