Jimmy Choo's electronic AGM—a step in the right direction?

Jimmy Choo's electronic AGM—a step in the right direction?

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2016 saw the first entirely electronic AGM held by
Jimmy Choo plc
. Wholly electronic AGMs are likely to be increasingly attractive to companies given the perceived ease of access for members, and the lighter carbon footprint from not holding a physical meeting. Research carried out by ICSA: The Governance Institute in August 2016 revealed significant investor appetite for more electronic AGMs. Lexis®PSL Corporate, via its Market Tracker service will be tracking this trend during the 2017 AGM season to see if other companies are following suit.

Potential drawbacks:

Despite the perceived enthusiasm for virtual meetings, companies must take care not to alienate other, perhaps more traditional, shareholders. This will most particularly be the case if the company opts for wholly electronic meetings as opposed to a mixture of formats. Institutional investor organisation

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