Market Tracker Trend Report – AGM season 2017

Market Tracker’s latest trend report, AGM season 2017, analyses the latest market practice and trends emerging from the FTSE 350 annual general meeting (AGM) season 2017.

This report takes an in-depth look at:

  • the latest developments in, and levels of compliance with requirements for, narrative reporting in the annual reports and accounts
  • AGM notices, analysing recent developments and practice regarding the resolutions proposed this season, and
  • voting results and interesting trends emerging from AGMs held between October 2016 and November 2017

Click here to download the report

Key findings of our research, which covered all 100 of the FTSE 100 and 204 FTSE 250 companies, include:

  •  positive progress has been made to improve gender diversity in the boardroom: 46% of FTSE 350 companies have women representing at least 25% of the board, and 16% of FTSE 350 companies already meet the 33% target set by the Davies Five Year Summary and the Hampton-Alexander Review, although on a less positive note there are 13 FTSE 350 companies with all-male boards
  •  less progress has been made in relation to women appointed to executive board roles: 79% of FTSE 100 companies and 85% of FTSE 250 companies have no women in executive director positions
  •  Jimmy Choo plc remains the only company to have held a virtual-only AGM
  •  23% of companies surveyed received significant ‘no’ votes against one or more of their resolutions (an increase of 14% since last year’s report), and there were 7 companies with resolutions that failed outright

This report includes expert commentary from Will Chalk, Partner and Head of Corporate Governance at Addleshaw Goddard LLP, Jonathan Fletcher Rogers, Partner in the Employee Incentives Team at Addleshaw Goddard LLP, Katie Kinloch, Professional Support Lawyer in the Corporate and Commercial Division at Addleshaw Goddard LLP, Richard Preston, Managing Associate in the Corporate Governance Team at Addleshaw Goddard LLP, Selina Sagayam, Head of UK Transactional Practice Development at Gibson, Dunn & Crutcher LLP and Peter Swabey, Policy & Research Director at ICSA: The Governance Institute.

Filed Under: Analysis

Relevant Articles
Area of Interest