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Shareholders are turning up at annual general meetings (AGMs) across the country forcing change with their voting powers. At Royal Bank of Scotland’s AGM, Hannah Beecham tested the volume of the dissenting voice.
As witnessed by the recent shareholder spring, investors are becoming more vocal on how they think the boards of Britain’s biggest companies should behave. Issues of executive pay, stewardship as well as investment decisions are being scrutinised as shareholders demand that executives become more aligned with the long-term outlook of the companies they run. Buoyed by Business Secretary Vince Cable’s recent package of reforms on directors’ pay, it seems the shareholder shout just might prove loudest of all as the force for change grows stronger.