ShareSoc _Sign the petition.19 Apr 2023 02:11
Slight Distraction, but well worth the effort to get the law changed. Those of you whom think your votes count, think again, we all know that many brokers will not acknowledge nor support your ability to vote in important EGM/AGM's etc.
This is not in any way specifically aimed at GGP as such, it is aimed at all shareowners whom own London Stock Exchange listed shares.
Please take the time to support ShareSoc and vote and change the archaic law into supporting shareholders 'Rights'
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Hello Jiffy,
For hundreds of years, companies knew exactly who their shareholders were and could communicate freely with them on matters of importance. Today, they can't and that's wrong.
The increasing popularity of electronic trading and holding of shares using investment platforms has been a very positive development but, it has also placed an unacceptable communication block between share issuers and holders. This undermines the whole concept of capitalism by creating companies who are increasingly unaccountable to their invisible owners. The consequences of this are clear.
To correct this serious and uniquely British flaw in the efficient operation of capitalism, Marks and Spencer and ShareSoc have jointly written to Business Secretary, The Rt Hon Kemi Badenoch MP, urging the Government to modernise the Companies Act to allow electronic (ie digital) communication with and between shareholders and web-based access to AGMs and General Meetings*.
Please can you support this initiative by reading and signing the supporting petition to UK Government so we can ensure this important matter is given the attention it deserves.
Please click here to read and sign the petition.
https://petition.parliament.uk/petitions/636051
Many thanks for your support.
Mike Dennis, Director
Sign the petition
* A more detailed explanation of the background to this initiative can be found in this useful article Share Your Voice campaign—A bold attempt to revolutionise shareholder democracy |