Percentage of Shareholders Attending AGMS
We observed that the number of investors attending in person at meetings rose for a second consecutive year in 2024 up by 0.01% on the last. While we are noticing incremental increases year on year, attendance rates have not returned to the levels recorded before the pandemic. For instance, in 2019 the participation rate was notably higher at 0.19%, and 0.17% in 2018. Despite the gradual increase, the current rates still lag behind those pre-pandemic figures. The challenge now lies with the board and executive management in devising strategies to further boost attendance and re-engage investors.
Meeting Attendance Across Indices
In 2024, there was a noticeable shift in the attendance pattern at meetings, with Shareholders outnumbering visitors, unlike the previous year where visitors were more prevalent with the year before being a majority of shareholders once again. This alternating trend could be attributed to the items on the agenda which seem to attract differing groups of attendees. 2024 was marked by a significant increase in shareholder activism, in the mean voting against remuneration resolutions and an increased resistance against director re-elections. The heighted scrutiny on these matters suggests growing concerns among shareholders about the management and direction of the company, prompting them to take part in a more active role some years.
|
2024
Shareholders |
Visitors |
2023
Shareholders |
Visitors |
2022
Shareholders |
Visitors |
| S&P/ASX 100 |
66.48% |
33.52% |
28.77% |
71.23% |
64.61% |
35.39% |
| S&P/ASX 200 |
66.74% |
33.26% |
28.00% |
72.00% |
53.73% |
46.27% |
| S&P/ASX 201+ |
62.27% |
37.48% |
41.29% |
58.71% |
67.59% |
32.41% |
