Our monthly top 5 controversial AGM resolutions

The unprecedented externalities wrought by the coronavirus pandemic requires that shareholders be more vigilant when voting on ESG issues at annual general meetings. Grievances raised by shareholders can no longer be treated as mere criticisms as they can lead to legal lawsuits as illustrated in the ongoing case with Tongaat. The resolutions highlighted below will further show that board rigor will transcend into management’s ability to execute and oversee the companies they manage. For the month of July we voted on 53 resolutions of which 38 were in favour and 15 were against.