As the Annual General Meeting (AGM) season approaches, companies have a unique opportunity to engage shareholders and set the stage for the year ahead. Jane Lowe, Managing Director of the IR Department, shares her expert insights in a discussion with Proactive Studio on the importance of AGMs and best practices for navigating this pivotal time.
What is an AGM and Why is it Crucial?
An AGM is an annual general meeting where shareholders vote on formal matters, known as ‘resolutions’, including topics such as director elections, remuneration reports, financial statements, and capital-raising initiatives. Jane emphasises that AGMs are a strategic platform for shareholder engagement. “If used well, [AGMs] can be an excellent platform for engaging with potential and existing shareholders,” she notes.
Preparing for a Seamless AGM
Behind the scenes, AGMs require detailed planning. Jane emphasises the importance of understanding shareholder concerns early, especially for contentious resolutions such as, for example, an additional 10% placement capacity. “Know who's on your register,” she advises, encouraging companies to anticipate voting practices and tailor resolutions accordingly.
Engaging shareholders is equally crucial. Companies should encourage attendance and include compelling CEO and chair presentations. Jane highlights the value of Q&A sessions, stating, “Preparing CEOs and boards for questions around voting and operational matters is key.”
The Value of Shareholder Participation
AGMs provide shareholders a rare opportunity to interact directly with company leadership, gain insights into past performance, and hear about future plans. Jane notes these meetings allow shareholders to “show support for the company or stand up and voice concerns,” with face-to-face interactions often yielding deeper insights.
Looking Ahead: Trends and Opportunities
Jane’s insights extend to broader market trends, such as the resurgence of IPOs and preparations for key investment events, including the JP Morgan Healthcare Conference. She underscores the importance of strategic planning and adaptability in a dynamic corporate landscape.
Closing Thoughts
Jane Lowe’s insights highlight AGMs’ critical role in fostering transparency, accountability, and engagement. Whether preparing for roadshows, managing IPOs, or gearing up for international conferences, the IR Department ensures companies are equipped to navigate these milestones effectively. As Jane summarises, “AGM season is not just about resolutions; it’s about connection, communication, and strategy.”
To watch the full interview with Jane Lowe, click here to view the video.
