Shareholder activism during 2023 AGM Season provides key clues for what to expect in 2024.

The article discusses shareholder activism during the 2023 Annual General Meeting (AGM) season in Australia and provides insights into what can be expected in 2024. One notable trend was a significant increase in strikes against executive remuneration, with 41 companies experiencing strikes compared to 21 in the previous year. There was also a greater focus on individual board director accountability, with more directors facing shareholder opposition. However, there were fewer climate proposals voted on, as the focus shifted to global reporting commitments and government-mandated disclosures. Other topics covered include cyber risks, non-financial metrics in executive remuneration, the evolving role of large super funds, and global ESG/activism trends. The article encourages companies to engage with shareholders year-round to address investor concerns. [Extracted from the article]

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