Shunting shareholders with awkward questions into back rooms for private meetings undermines investor democracy, writes robrose_za.
There have been troubling signs in recent weeks that some of SA’s largest companies aren’t exactly entirely committed to the notion of “shareholder democracy” .
Last week, one executive from embattled fishing giant Oceana implored Des Mayers, an analyst at Afrifocus Securities, not to ask his questions publicly at the AGM, but rather do so in a private meeting later...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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