Rely on the most comprehensive, up-to-date legal content designed and curated by lawyers for lawyers
Work faster and smarter to improve your drafting productivity without increasing risk
Accelerate the creation and use of high quality and trusted legal documents and forms
Streamline how you manage your legal business with proven tools and processes
Manage risk and compliance in your organisation to reduce your risk profile
Stay up to date and informed with insights from our trusted experts, news and information sources
Access the best content in the industry, effortlessly — confident that your news is trustworthy and up to date.
Find up-to-date guidance on points of law and then easily pull up sources to support your advice with Lexis PSL
Check out our straightforward definitions of common legal terms.
Our trusted tax intelligence solutions, highly-regarded exam training and education materials help guide and tutor Tax professionals
Access our unrivalled global news content, business information and analytics solutions
Insurance, risk and compliance intelligence using big data, proprietary linking and advanced analytics.
A leading provider of software platforms for professional services firms
In-depth analysis, commentary and practical information to help you protect your business
LexisNexis Blogs shed light on topics affecting the legal profession and the issues you're facing
Legal professionals trust us to help navigate change. Find out how we help ensure they exceed expectations
Lex Chat is a LexisNexis current affairs podcast sharing insights on topics for the legal profession
Discuss the latest legal developments, ask questions, and share best practice with other LexisPSL subscribers
The Financial Reporting Council (FRC) has published a review titled 'AGMs: an opportunity for change', analysing a sample of 202 AGMs held between March and August 2020 to explore the different ways that FTSE 350 companies conducted their 2020 AGMs following the disruption caused by the coronavirus (COVID-19) pandemic. Highlights include:
• 80.7% of companies held closed meetings, requiring voting in advance via proxy
• 81.6% of the 163 companies that held closed meetings made some arrangements to allow for shareholder Q&As with the board
• 60% of the 30 companies that held open meetings used webinar or audiocast functionality with live voting capabilities
• 30 companies 'appear to have not made any arrangements for shareholders to ask questions to the board prior to or during the AGM'
The FRC concluded that while the best organised and executed virtual and hybrid meetings enabled increased participation from shareholders, companies that held closed meetings in which retail shareholders were unable to participate or vote on the day of the AGM disenfranchised those shareholders, and recommended that 'all efforts should be made to ensure shareholders should have the ability to vote following presentations from the board'.
In the review, the FRC identified enabling shareholders to submit questions to a dedicated website or email address or use mail, allowing sufficient time for shareholders to submit questions and posting all Q&As on the company website following the AGM as examples of good practice. Examples of bad practice included capping the number of characters allowed in submitted questions, only allowing mailed-in questions in advance (not email), unrealistic time frames for submitting questions and choosing not to respond to all questions.
The FRC have outlined plans to work with the Department of Business, Energy & Industrial Strategy (BEIS) to consider as soon as possible what measures may need to be brought forward to ensure AGMs are able to take place virtually or as a hybrid during 2021. The FRC will also convene a stakeholder group comprising of government, companies and investors to consider recommendations for legislative change and propose alternative means to achieve flexibility, while maintaining the integrity of the AGM.
For more on this topic, see our trend report: COVID-19 impact on the AGMs of FTSE 350 and AIM 50 companies
Free trials are only available to individuals based in the UK
* denotes a required field
Market Tracker is a unique service for corporate lawyers housed within Lexis®PSL Corporate. It features a powerful transaction data analysis tool for accessing, analysing and comparing the specific features of corporate transactions, with a comprehensive and searchable library of deal documentation across 14 different deal types. The Market Tracker product also includes news and analysis of key corporate deals and activity and in-depth analysis of recent trends in corporate transactions.
0330 161 1234