2008-07 RETHINKING THE AGM

Date: 18/07/2008

Title: 2008-07 Rethinking the AGM

Type: Policy & Advocacy: Submission

Related Links:

Abstract:

While the reliance on AGMs may be changing for shareholders, AICD continues to see a role for annual engagement through a general meeting.
CSA's discussion paper recommends removing some of the current discretions that are available to company chairmen in conducting AGMs.
AICD sees the current discretions available to chairmen as being appropriate for the benefit of well run AGMs.
AICD would be concerned about any proposals to that seek to mandate the way in which AGMs are conducted. A one size fits all approach would stifle the innovation required to improve engagement between companies and their shareholders. 
The submission and attachment Conduct of AGMs are available at the links below.

File:
SUBM 2008-07 CSA discussion paper. Rethinking the AGM
SUBM 2008-07 Attachment. Conduct of AGMs

See also SUB2008-04 AICD letter to Senator Nick Sherry: The future of Annual General Meetings