Monday 4 February 2019

Australia: ASIC report - the 2018 AGM season

The Australian Securities and Investments Commission has published an overview of the 2018 annual general meeting season for S&P/ASX 200 listed companies: see here (pdf). Most companies held their AGM between 1 October and 30 November. ASIC reports: votes on remuneration have been used to signal discontent with boards more generally and not just with remuneration; the most frequently raised ESG issue was climate change risk and sustainability; and 29% of ASX200 board members are women (three ASX200 boards contained no women).

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