What’s an Annual General Meeting? A Remuneration Report? And why are they important for investors? I’m joined today by Fiona Balzer from the Australian Shareholders’ Association to explain all.
Episode Blog Post: https://www.sharesforbeginners.com/blog/agm
Each year the Australian Shareholders’ Association or ASA, monitors the performance of most of Australia’s ASX200 companies - protecting the rights of retail shareholders with a dedicated team of company monitors. These volunteer members meet with company chairs and directors, and attend AGMs to ask questions of importance to members and retail shareholders. ASA has 110 volunteer monitors – who come from a wide range of backgrounds. Many have expertise and life experience that contributes to their analysis of company performance – whether governance, financial or operational. The ASA also aggregates voting intentions, representing approximately 4 billion dollars of shareholder value with the ASA nominated as proxy. And those are some of the terms covered in this episode.
It's basically about reminding Boards of Directors that there are small shareholders whose interests they need to look after.
We've just completed a short season of podcasts where I've interviewed the company monitors about AGM highlights. It's called AGM Watch and it's available at this link; https://www.australianshareholders.com.au/podcasts. It's well worth a listen if you're interested in a deep dive into some of Australia's largest companies.
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