Annual General Meetings: September 2011
A number of companies in the S&P CNX 500 index conduct their Annual General Meetings (AGMs) in the month of September 2011. Out of the 500 companies – 173 companies, i.e., 34.60% – have their AGMs in September.
This bunching of AGMs in a single month poses challenges for investors who have multiple holdings.
- They need to devote time to analyze multiple resolutions tabled by the companies. This problem can be alleviated by relying on the services of a proxy advisory firm.
- Inability to attend all meetings, leading to need for proxy voting services / solutions. If the solution is elegant, fund managers and compliance officers need not spend much time and effort in exercising their votes during the peak month of September.
- Investors have to plan to attend / analyze / vote at various cities and venues in a rushed manner.
Companies – that are serious about conducting better shareholder meetings – need to avoid the peak month and conduct AGMs before September.
Key Findings
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AGMs in September