83% of clients chose the same meeting format in 2021 and 2022
97% of our Australian clients used Computershare’s virtual meeting platform to run their meeting. Companies included: Sydney Airport, AusNet services, Cimic Group, Scentre Group, QBE Insurance and AMP
Attendance
- Largest AGM in mini-peak: Woodside, with 1372 attendees
- Shareholder attendance for the meetings held during the mini season has
remained comparable with 2021
- For companies that held hybrid meetings,
shareholder participation has been primarily online with in-person attendance ranging between 10 and 60 shareholders
- Companies who experienced a significant event or challenge throughout the year saw
a spike in both physical and virtual attendance. For example, due to their merger with BHP Petroleum, Woodside saw a 417% increase in attendance in 2022
- Two thirds of all in-person meetings had
10 or less attendees and most of our clients did not use an RSVP process to monitor in-person attendee numbers
Shareholder communication
- Companies have made good use of the legislative changes regarding the Notice of Meeting, with
many opting to send a Notice of Access, where a shareholder election for the full notice was not in place
- The method of
collecting shareholder questions prior to the meeting varied by company. Some companies leveraged physical mail packs and included a specific question form, while others used their proxy form or online voting site to gather questions instead
- Only a small number of companies
used an RSVP form in their mail pack to ascertain in-person attendance numbers
- We recommend including
a QR code on your proxy form to make it simple for shareholders to access the voting site and easily lodge their proxy votes