Investors are increasingly active and cast more negative votes at annual general meetings

With the 2023 AGM season coming to an end in Spain, the most relevant changes witnessed in the investors' attitude are related to their increasing proactiveness when it comes to expressing their disagreement on the decisions taken by the boards. 

"Investors are increasingly active and cast more negative votes at annual general meetings," said Carmen Lees, Morrow Sodali's project manager for Iberia and Latin America, in an interview with the Spanish media La Información.

Carmen Lees highlights that investors scrutinize more and more ESG targets and she emphasizes the improvement of transparency relating to the remuneration policy.

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