Time to view corporate governance, stewardship as partners in responsible wealth creation
Common sense needs to be applied to both practices to bring about enduring business performance.
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TRY asking the chairman of a listed company to say what frustrates them much in relation to AGMs (annual general meetings). Chances are that the answer is about voting. "We spend weeks communicating with shareholders about strategy, policies and challenges. And come the AGM, they voted against us without explanation."
How does this happen?
Big institutions seem to have split personalities. CEO and finance director meet the fund managers and analysts. Meanwhile the company secretary and company chairman talk to the corporate governance specialists.
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