The forced shift to virtual AGMs globally as a result of Covid-19 restrictions has led to shareholder engagement doubling in 2021, according to research by Lumi.
Lumi's survey of more than 5,000 AGMs globally found both the number of shareholders attending each meeting and the number of messages sent doubled in the first half of 2021 compared to the same period last year. Topping shareholder engagement concerns, according to the research, was financial reporting, including remuneration and dividend pay. Environmental damage and climate change, diversity and accessibility, and governance were also among the top engagement topics. The onset of the pandemic saw 90% of AGMs take place virtually in 2020, compared to just 5% in the previous...
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