In 2021, the general assemblies should take place in a tense climate

Posted on Jan 21, 2021 5:19 PMUpdated Jan 21, 2021, 5:31 PM

In 2021 as in 2020, listed companies will hold their general meetings behind closed doors. To the chagrin of many shareholders, who have publicly expressed their opposition, but will have no choice, due to the pandemic. At the beginning of December, a new ordinance renewed the authorization given to these companies to hold their annual high mass without the physical presence of the shareholders. With some adjustments: the companies will have to ensure the retransmission of the meeting live, unless technical reasons make impossible or seriously disturb this retransmission, if not deferred. Shareholders should also be able to ask questions, before or during the meeting. Investors and proxy advisory agencies (ISS, Institutional Shareholder Services, or Proxinvest, or Glass Lewis) have listed their concerns for the 2021 AGM.

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