AGM season 2017 - Market Tracker Trend Report

AGM season 2017 - Market Tracker Trend Report

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.

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About the author:

Louisa leads marketing for the in-house legal community at LexisNexis. She joined the dedicated in-house team at LexisNexis four years ago and has a passion for driving and facilitating initiatives which are customer-focused at their heart. Her vision is to support in-house counsel succeed in their fast-evolving role based on deep insight, data analysis and best practice gathered across the in-house community.

Prior to her in-house focused role, Louisa led the marketing for the bar and mid-market private practice sectors as well as product marketing lead for LexisPSL - LexisNexis' cloud based, practical guidance and legal research software solution.

She brings 20 years' marketing experience both client and agency side, specialising in B2B marketing in the Legal, TMT (Telco, Media and Technology) and Financial Services industries. In both South Africa, Europe and the UK.

Louisa is also an active member on the LexisNexis Gender Equality Matters (GEM) steering committee and is involved with the Families at LexisNexis Group which brings together, supports and lobbies for change those with an interest in balancing the challenges of work and family.