2023 European Proxy Season Review - Morrow Sodali
With Proxy Season underway, discover our comprehensive review of the 2023 highlights and key trends in corporate governance and shareholder engagement.
Download 2023 European Proxy Season Review - Morrow Sodali
This edition delved into the debate around virtual-only AGMs and their impact on investor engagement. While many companies adopted virtual-only AGMs during the pandemic, some investors expressed concerns about the lack of proper engagement with the board. Regulators in various countries considered the possibility of making all AGMs virtual, but there has been a pushback from investors who believe that shareholder rights and access to directors should be preserved.
We also share views on investor support for directors regarding board elections, but their concerns on succession planning and governance issues leading to votes against directors and board members. The Review also emphasizes the growing importance of ESG metrics in remuneration policies, reflecting a trend towards sustainable business practices.
About Morrow Sodali
Morrow Sodali provides corporate boards and executives with strategic advice and services relating to investor engagement, environmental, social, and corporate governance, mergers and acquisitions and shareholders activism, strategic communications, investor relations, and research.
Published 22 April, 2024